Live Oak Crestview Climate Acquisition Corp. Receives NYSE Notice Regarding Delayed Form 10-Q Filing
Portfolio Pulse from Benzinga Newsdesk
Live Oak Crestview Climate Acquisition Corp. (LOCC) received a notice from NYSE for not filing its Q3 Form 10-Q on time. Despite this, the notice does not affect LOCC's current NYSE listing. However, LOCC will redeem all outstanding shares of Class A common stock and will not be listed on the NYSE after the liquidation effective November 30, 2023.
November 28, 2023 | 8:34 pm
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LOCC received a non-compliance notice from NYSE for a delayed 10-Q filing. The stock will be redeemed and delisted after November 30, 2023, due to liquidation.
The non-compliance notice from NYSE is a negative event indicating potential governance or operational issues. The planned redemption and delisting of LOCC's shares confirm the end of its public trading, which is likely to negatively impact investor sentiment and the stock price in the short term.
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