JAWS Mustang Acquisition Corporation Transfers Listing to NYSE American LLC

Rhea-AI Summary

JAWS Mustang Acquisition Corporation (NYSE: JWSM) has announced its transfer from the New York Stock Exchange to NYSE American LLC. This strategic decision, set to take effect around March 14, 2023, is driven by the more favorable listing requirements on NYSE American.

JWSM's voluntary delisting from NYSE aims to enhance its compliance capabilities while maintaining its current reporting practices to the Securities and Exchange Commission. The company is committed to transparency and will continue to pursue its operational objectives following this transition.

Positive

• Transfer to NYSE American presents more favorable listing thresholds.
• Continued commitment to transparency with regular SEC reporting.

Negative

• None.

NEW YORK, March 9, 2023 /PRNewswire/ -- JAWS Mustang Acquisition Corporation ("JWSM") (NYSE: JWSM, JWSM WS, JWSM.U), a special purpose acquisition company, announced today that it will transfer its listing to the NYSE American LLC ("NYSE American"), where it has been approved to list.  In connection with the transfer, JWSM will voluntarily delist from The New York Stock Exchange.  JWSM's decision to transfer to the NYSE American was motivated by several factors, including more favorable thresholds for continued listing on the NYSE American. Following the transfer, JWSM intends to continue to file the same types of periodic reports and other information it currently files with the Securities and Exchange Commission (the "SEC"). JWSM anticipates the transfer to the NYSE American to occur on or about March 14, 2023.

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SOURCE JAWS Mustang Acquisition Corporation

FAQ

Why is JAWS Mustang Acquisition Corporation transferring to NYSE American?

The transfer is motivated by more favorable listing requirements on NYSE American.

When will JAWS Mustang Acquisition Corporation's transfer to NYSE American take place?

The transfer is expected to occur around March 14, 2023.

What happens to JAWS Mustang Acquisition Corporation's listing on NYSE?

JWSM will voluntarily delist from the New York Stock Exchange.

Will JAWS Mustang continue to file reports after the transfer?

Yes, JWSM will continue to file the same periodic reports with the SEC.

How does the transfer affect JAWS Mustang Acquisition Corporation's investors?

The transfer is intended to improve compliance capabilities which may benefit investors.