Williams Rowland Acquisition Corp. To Transfer Listing To NYSE American

Rhea-AI Summary

Williams Rowland Acquisition Corp. (NYSE: WRAC, WRAC.UN, WRAC.WT) has announced its transfer from the New York Stock Exchange to NYSE American, effective February 17, 2023. The decision follows redemptions of common stock related to extending the deadline for completing an initial business combination. Williams Rowland received final approval for this listing change on February 14, 2023. Post-transfer, the company will continue to file periodic reports with the U.S. Securities and Exchange Commission, maintaining regulatory compliance. The move aims to ensure the continued listing of its securities.

Positive

• Transfer to NYSE American allows for continued listing of securities.
• Final approval from NYSE American supports strategic business goals.

Negative

• Transfer followed redemptions of common stock, signaling potential liquidity issues.

Westport, CT, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Williams Rowland Acquisition Corp. (NYSE: WRAC, WRAC.UN, WRAC.WT) (“Williams Rowland”), announced today that it will transfer its listing from the New York Stock Exchange (the “NYSE”) to the NYSE American LLC (the “NYSE American”). Williams Rowland received written confirmation that it received the final approval for listing from the staff of NYSE American on February 14, 2023.

In connection with the transfer, Williams Rowland will voluntarily delist from the New York Stock Exchange, and expects to begin trading on the NYSE American on or about February 17, 2023. Williams Rowland’s decision to transfer to the NYSE American was made to permit the continued listing of its securities following recent redemptions of Williams Rowland’s common stock in connection with the vote to extend the deadline by which Williams Rowland must complete its initial business combination. Following the transfer to the NYSE American, Williams Rowland intends to continue to file the same types of periodic reports and other information it currently files with the U.S. Securities and Exchange Commission.

About Williams Rowland Acquisition Corp.

Williams Rowland Acquisition Corp. formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase or similar transaction.

Contact Information:

David B. Williams
Jonathan D. Rowland
Co-Chief Executive Officers
(203) 353-7600

FAQ

Why is Williams Rowland transferring to NYSE American?

Williams Rowland is transferring to continue the listing of its securities following recent redemptions of common stock.

When will Williams Rowland begin trading on NYSE American?

Williams Rowland is expected to begin trading on NYSE American on or about February 17, 2023.

What does the transfer mean for Williams Rowland's SEC filings?

Williams Rowland will continue to file the same types of periodic reports with the U.S. Securities and Exchange Commission.

What prompted the transfer to NYSE American?

The transfer was prompted by the need to maintain the continued listing of its securities after stock redemptions related to extending a business combination deadline.