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TortoiseEcofin Acquisition Corp. III (NYSE: TRTL) has received a delisting notice from the New York Stock Exchange (NYSE) for failing to consummate a business combination within the required timeframe. Trading of the company's securities on NYSE was suspended after market close on July 22, 2024. The company plans to appeal the delisting decision and expects its securities to be quoted on the OTC markets starting July 23, 2024, under new ticker symbols.
Despite the delisting process, TortoiseEcofin Acquisition Corp. III will remain listed on NYSE during the appeal and continue as a reporting entity under the Securities Exchange Act of 1934. This ensures ongoing disclosure of financial and operational information. The company emphasizes that the delisting proceedings do not affect its business operations.
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