Integrated Wellness Acquisition Corp Receives Delisting Notice from the New York Stock Exchange
Integrated Wellness Acquisition Corp has received a delisting notice from the New York Stock Exchange (NYSE) due to failing to complete a business combination within the required timeframe. Trading of the company's securities was suspended after market close on December 13, 2024. The company's units, Class A ordinary shares, and warrants will now trade on the OTC Markets under symbols WELUF, WELNF, and WELWF respectively.
The company maintains the right to appeal NYSE's decision and plans to apply for Nasdaq listing upon completing its initial business combination. Despite the delisting, the company will continue as a reporting entity under the Securities Exchange Act of 1934, maintaining its financial disclosure obligations.
Integrated Wellness Acquisition Corp ha ricevuto una notifica di delisting dalla New York Stock Exchange (NYSE) per non aver completato una combinazione aziendale entro il termine stabilito. La negoziazione dei titoli della società è stata sospesa alla chiusura del mercato del 13 dicembre 2024. Le unità della società, le azioni ordinarie di Classe A e i warrant scambieranno ora sui OTC Markets con i simboli WELUF, WELNF e WELWF rispettivamente.
La società mantiene il diritto di appellarsi alla decisione della NYSE e prevede di fare richiesta per essere quotata al Nasdaq al termine della sua combinazione aziendale iniziale. Nonostante il delisting, la società continuerà come entità di reporting ai sensi del Securities Exchange Act del 1934, mantenendo i propri obblighi di divulgazione finanziaria.
Integrated Wellness Acquisition Corp ha recibido un aviso de deslistado por parte de la New York Stock Exchange (NYSE) debido a no completar una combinación de negocios dentro del plazo requerido. La negociación de los valores de la empresa fue suspendida tras el cierre del mercado el 13 de diciembre de 2024. Las unidades de la empresa, las acciones ordinarias Clases A y los warrants ahora se negociarán en los OTC Markets bajo los símbolos WELUF, WELNF y WELWF respectivamente.
La empresa mantiene el derecho a apelar la decisión de la NYSE y planea solicitar la cotización en Nasdaq tras completar su combinación empresarial inicial. A pesar del deslistado, la empresa continuará como entidad reportante bajo la Securities Exchange Act de 1934, manteniendo sus obligaciones de divulgación financiera.
Integrated Wellness Acquisition Corp는 정해진 시간 내에 비즈니스 결합을 완료하지 못해 뉴욕증권거래소(NYSE)로부터 상장 폐지 통보를 받았습니다. 회사의 유가증권 거래는 2024년 12월 13일 시장 폐장 후 중단되었습니다. 회사의 유닛, A 클래스 보통주 및 워런트는 각각 WELUF, WELNF 및 WELWF 기호로 OTC 시장에서 거래될 것입니다.
이 회사는 NYSE의 결정에 항소할 권리를 유지하며, 초기 비즈니스 결합을 완료한 후 나스닥 상장을 신청할 계획입니다. 상장 폐지에도 불구하고 이 회사는 1934년 증권거래법에 따라 계속 보고 엔티티로 남아 있으며, 재무 공시 의무를 유지합니다.
Integrated Wellness Acquisition Corp a reçu un avis de radiation de la New York Stock Exchange (NYSE) en raison de son incapacité à compléter une combinaison d'affaires dans le délai requis. Le trading des titres de la société a été suspendu après la fermeture du marché le 13 décembre 2024. Les unités de la société, les actions ordinaires de Classe A et les bons de souscription seront désormais négociées sur les OTC Markets sous les symboles WELUF, WELNF et WELWF respectivement.
La société se réserve le droit de faire appel de la décision de la NYSE et prévoit de demander une inscription sur le Nasdaq dès qu'elle aura complété sa combinaison d'affaires initiale. Malgré la radiation, la société continuera en tant qu'entité déclarant en vertu du Securities Exchange Act de 1934, en maintenant ses obligations de divulgation financière.
Integrated Wellness Acquisition Corp hat eine Delisting-Notiz von der New York Stock Exchange (NYSE) erhalten, da sie es versäumt haben, innerhalb des erforderlichen Zeitrahmens eine Unternehmenszusammenlegung abzuschließen. Der Handel mit den Wertpapieren des Unternehmens wurde nach Börsenschluss am 13. Dezember 2024 ausgesetzt. Die Unternehmensanteile, Class A Stammaktien und Warrants werden jetzt an den OTC Markets unter den Symbolen WELUF, WELNF und WELWF gehandelt.
Das Unternehmen behält sich das Recht vor, gegen die Entscheidung der NYSE Einspruch zu erheben und plant, eine Nasdaq-Listing zu beantragen, nachdem es seine erste Unternehmenszusammenlegung abgeschlossen hat. Trotz des Delistings wird das Unternehmen weiterhin als berichtspflichtige Einheit nach dem Securities Exchange Act von 1934 auftreten und seine Verpflichtungen zur finanziellen Offenlegung aufrechterhalten.
- Company maintains reporting status under Securities Exchange Act
- Plans to apply for Nasdaq listing post-business combination
- Securities remain tradeable on OTC Markets
- Delisting from NYSE due to failure to complete business combination
- Trading suspension of securities on NYSE
- Downgrade to OTC Markets trading from NYSE
Insights
New York, NY, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Integrated Wellness Acquisition Corp (the “Company”) (OTC: WELNF) announced today that it received written notice from the New York Stock Exchange (the “NYSE”) indicating that the staff of NYSE Regulation had determined to commence proceedings to delist the Company’s securities from the NYSE due to the Company’s failure to consummate a business combination within the shorter of (i) the time period specified by its constitutive documents or by contract or (ii) three years following the closing of the Company’s initial public offering. Trading in the Company’s securities was suspended immediately after market close on December 13, 2024. Following suspension of trading on NYSE, the Company’s units, Class A ordinary shares and warrants will be eligible to trade on the OTC Markets under the ticker symbols “WELUF,” “WELNF,” and “WELWF,” respectively. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
As indicated in the letter, the Company has the right to request that NYSE’s delisting determination be reviewed by a Committee of the Board of Directors of the NYSE, which the Company may pursue.
The delisting process does not affect the Company’s business operations. The Company will remain a reporting entity under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), ensuring continued disclosure of financial and operational information.
The Company intends to apply to list on the Nasdaq Stock Market (the “Nasdaq”) in connection with the closing of its initial business combination.
About Integrated Wellness Acquisition Corp
Integrated Wellness Acquisition Corp, a Cayman Islands exempted company, was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
Forward-Looking Statements
This press release contains certain forward-looking statements that express the Company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will” or “should” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding the Company’s intentions, beliefs or current expectations concerning the Company’s performance, business and future events. Such forward-looking statements are based on management’s expectations, beliefs and forecasts concerning future events impacting the Company. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause actual results to differ materially from the from the plans, objectives, expectations, estimates and intentions expressed or implied by such forward-looking statements. The forward-looking statements made in this press release speak only as of the date hereof and the Company disclaims any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in the Company’s expectations or future events.
Contacts
Integrated Wellness Acquisition Corp
1441 Broadway, 6TH Floor
New York, NY 10018
Attn: Matthew Malriat, CFO
info@integratedwellnessspac.com
Tel: (917) 397-7625
FAQ
Why is Integrated Wellness (WEL) being delisted from NYSE in December 2024?
What are the new trading symbols for WEL securities on OTC Markets?
Can Integrated Wellness appeal the NYSE delisting decision?
Will WEL continue to report financial information after NYSE delisting?
What are Integrated Wellness's plans for future stock exchange listing?
