Market regulation · 15/07/2024

Self-Regulatory Organizations; New York Stock Exchange LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company Manual To Provide That a Special Purpose Acquisition Company Can Remain Listed Until Forty-Two Months From Its Original Listing Date if It Has Entered Into a Definitive Agreement With Respect to a Business Combination Within Three Years of Listing

The New York Stock Exchange LLC is considering a proposed rule change to allow Special Purpose Acquisition Companies to remain listed for up to 42 months if they have entered into a definitive agreement for a business combination within three years of listing.