Welcome to our dedicated page for SBIIU news (Ticker: SBIIU), a resource for investors and traders seeking the latest updates and insights on SBIIU stock.
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Sandbridge X2 Corp. (NYSE: SBII.U) has received a notice from the NYSE regarding non-compliance with filing the Q1 2021 Form 10-Q due to a delay. The Company has six months from May 24, 2021, to file the report and regain compliance. This notice does not affect the trading or listing of its securities immediately. The delay is attributed to a reevaluation of its warrants following new SEC guidelines, necessitating an analysis to finalize the report. The Company is focused on potential mergers within the consumer sector.
Sandbridge X2 Corp. (NYSE: SBII.U) announced that starting April 30, 2021, investors can separately trade its Class A common stock and redeemable warrants from the initial public offering (IPO) units. The initial offering had 23,817,701 units, which continue to trade under the symbol SBII.U. Separated shares will trade under symbols SBII and SBII WS. The offering, led by Citigroup and Deutsche Bank, involved a registration statement that became effective on March 9, 2021. The release does not constitute an offer for the sale of securities.
