Worthington Steel, Inc. - WS STOCK NEWS

Ares Acquisition Corporation (NYSE: AAC) announced the postponement of its extraordinary general meeting of shareholders from January 24, 2023, to February 2, 2023, at 9:30 a.m. ET. The meeting will address the Extension Amendment Proposal, which seeks to extend the deadline for completing a business combination from February 4, 2023, to August 4, 2023. The proposal also aims to remove restrictions on share repurchases and the minimum net tangible assets requirement. Additionally, the deadline for shareholders to submit redemption requests has been extended to January 31, 2023. Shareholders of record as of December 15, 2022, are eligible to vote.

Golden Falcon Acquisition Corp. (GFX) announced the adjournment of its Special Meeting originally scheduled for December 16, 2022, to December 20, 2022. The meeting aims to vote on four proposals, including an amendment to extend the deadline for completing a business combination to June 22, 2023. Other proposals include re-electing two board directors and ratifying their independent auditor for fiscal 2022. Stockholders are encouraged to submit or change their proxies ahead of the meeting, which remains open for questions via their proxy solicitor.

Graf Acquisition Corp. IV (NYSE: GFOR) has withdrawn its Extension Proposal to delay the deadline for a business combination from May 25, 2023 to September 29, 2023. This decision comes ahead of the special stockholder meeting scheduled for December 21, 2022. Consequently, shareholders will not have the option to redeem shares for a pro rata portion of the trust account funds. Shares already submitted for redemption will be returned promptly. The withdrawal does not affect three other proposals on the ballot.

On December 14, 2022, Longview Acquisition Corp. II's stockholders approved amendments to its Charter and Investment Trust Management Agreement. The amendments extend the deadline for completing a business combination to September 23, 2023. Following the amendments, stockholders redeemed 60,932,798 Public Shares for around $612.98 million, leaving 8,067,202 shares outstanding. The company plans to redeem all remaining Public Shares due to an inability to finalize a business combination by the new deadline and will begin the liquidation process. The securities are expected to be delisted from NYSE.

Volta Inc. (NYSE: VLTA, VLTA WS) has received notice from the NYSE for non-compliance with listing standards due to its Class A Common Stock averaging below $1.00 for 30 consecutive trading days. The company can regain compliance within six months if the stock closes above $1.00 for a sufficient period. Volta aims to notify the NYSE of its intention to cure this deficiency by December 8, 2022, and may pursue a reverse stock split subject to shareholder approval at the next annual meeting. The stock will remain listed during this correction period.

Volta reported a strong third quarter, with revenue increasing 69% year-over-year to $14.4 million. Notably, media revenue reached a record $12.2 million, reflecting a 66% year-over-year increase. The network of installed charging stalls grew by 173 to 3,093 stalls, marking a 45% rise year-over-year. Volta significantly reduced SG&A expenses by 43%, with a 54% cut in U.S. headcount. The company continues to align with federal initiatives to deploy EV infrastructure and expand its digital advertising business, leveraging its extensive media network.

Vicarious Surgical Inc. (NYSE: RBOT, RBOT WS) will participate in two upcoming investor conferences. The company, specializing in next-generation robotics to enhance surgical procedures, will host a virtual fireside chat at the 5th Annual Evercore ISI HealthCONx Conference on November 29 at 3:05 p.m. ET, followed by another chat at the 34th Annual Piper Sandler Healthcare Conference on November 30 at 1:00 p.m. ET. Interested investors can access the presentations live or archived via the company's website.

Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) announced its financial results for the quarter ended September 30, 2022. The company reported substantial progress in its hangar construction projects, notably the Nashville International Phase II, with operations commencing soon. Additionally, the BNA Phase II project reached substantial completion, with an expected slight reduction in total construction costs. Sky Harbour has a Common Stock Purchase Agreement allowing the potential sale of up to 10 million shares at a 3% discount to the average price over three years.

Quanergy Systems intends to appeal a delisting decision by NYSE Regulation, announced on November 8, 2022, after failing to maintain a $15 million market capitalization. The trading of their common stock (QNGY) and warrants (QNGYW) was suspended following this decision. Quanergy aims to present its case to the NYSE Board Committee, emphasizing its mission to provide affordable smart LiDAR solutions across diverse sectors. The company has a global customer base of about 400 clients, showcasing its market relevance.