0000876661-22-000853.txt : 20221017
0000876661-22-000853.hdr.sgml : 20221017
20221017155736
ACCESSION NUMBER: 0000876661-22-000853
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20221017
DATE AS OF CHANGE: 20221017
EFFECTIVENESS DATE: 20221017
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Pine Island Acquisition Corp.
CENTRAL INDEX KEY: 0001822835
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 852640308
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39707
FILM NUMBER: 221313778
BUSINESS ADDRESS:
STREET 1: 2455 E. SUNRISE BLVD.
STREET 2: SUITE 1205
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33304
BUSINESS PHONE: 9545264865
MAIL ADDRESS:
STREET 1: 2455 E. SUNRISE BLVD.
STREET 2: SUITE 1205
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33304
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
0001822835
Pine Island Acquisition Corp.
001-39707
2455 E. Sunrise Blvd., Suite 1205
Fort Lauderdale
FL
FLORIDA
33304
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
17 CFR 240.12d2-2(b)
Victoria Paper
Manager, Market Watch and Proxy Compliance
2022-10-17
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ("NYSE" or the "Exchange") hereby notifies the Securities and Exchange Commission (the "Commission") of its intention to remove the entire class of Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 (the "Warrants") of Pine Island Acquisition Corp. (the "Company") from listing and registration on the Exchange on October 28, 2022, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Warrants are no longer suitable for continued listing and trading on the NYSE.
The Exchange has determined that the Warrants are no longer suitable for listing based on "abnormally low" price levels, pursuant to Section 802.01D of the Listed Company Manual. The Company announced on October 13, 2022, that it will redeem all of its outstanding Class A common stock, effective as of the close of business on October 28, 2022, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation and that there will be no redemption rights or liquidating distributions with respect to the Company's Warrants, which will expire worthless.
On October 14, 2022, the Exchange determined that the Warrants of the Company should be suspended from trading and directed the preparation and filing with the Commission of this application for the removal of the Warrants from listing and registration on the NYSE. The Company was notified on October 14, 2022.
Pursuant to the above authorization, a press release regarding the proposed delisting was issued and posted on the Exchange's website on October 14, 2022. Trading in the Warrants was immediately suspended on October 14, 2022.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange, the determination to delist the Warrants, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. On October 17, 2022, the Company confirmed that it will not exercise that right. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.