0000876661-23-000596.txt : 20230721
0000876661-23-000596.hdr.sgml : 20230721
20230721151510
ACCESSION NUMBER: 0000876661-23-000596
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20230721
DATE AS OF CHANGE: 20230721
EFFECTIVENESS DATE: 20230721
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Pivotal Investment Corp III
CENTRAL INDEX KEY: 0001835800
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 853415215
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40019
FILM NUMBER: 231102403
BUSINESS ADDRESS:
STREET 1: C/O GRAUBARD MILLER
STREET 2: 405 LEXINGTON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10174
BUSINESS PHONE: (212) 818-8800
MAIL ADDRESS:
STREET 1: C/O GRAUBARD MILLER
STREET 2: 405 LEXINGTON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10174
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
0001835800
Pivotal Investment Corp III
001-40019
405 LEXINGTON AVENUE
New York
NY
NEW YORK
10174
Class A Common Stock and Units
17 CFR 240.12d2-2(b)
Nicolas Connolly
Analyst, Regulation
2023-07-21
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 Class A Common Stock, $0.0001 par value and Units, each consisting of one share of Class A Common Stock, $0.0001 par value, and one-fifth of one redeemable warrant (the "Securities") of Pivotal Investment Corporation III (the "Company") from listing and registration on the NYSE at the opening of business on August 1, 2023, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Securities are no longer suitable for continued listing and trading on the NYSE.
The Exchange reached its decision pursuant to Section 802.01B of the NYSE's Listed Company Manual because the Company had fallen below the NYSE's continued listing standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares over a consecutive 30 trading day period of at least $40,000,000.
On February 28, 2023, the Exchange determined that the Securities 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 Securities listing and registration on the NYSE. The Company was notified on February 28, 2023.
Pursuant to the above authorization, a press release regarding the proposed delisting was issued and posted on the Exchange's website on February 28, 2023.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the 'Committee') the determination to delist the Common Stock, 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. The Company filed such a request on March 14, 2023, within the specified time period. On July 21, 2023, the Committee issued a decision in which it upheld the Exchange's previously announced determination to delist the Company's Securities. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.