NYSE American To Suspend Trading In BlueRiver Acquisition Corp.
Portfolio Pulse from Benzinga Newsdesk
NYSE American has announced the suspension of trading in BlueRiver Acquisition Corp.'s Class A ordinary shares and units. The company had previously appealed a delisting determination but withdrew the appeal on July 12, 2024. The exchange will now apply to the SEC to delist all of the company's securities.
July 15, 2024 | 1:17 pm
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NYSE American has suspended trading in BlueRiver Acquisition Corp.'s Class A ordinary shares and units after the company withdrew its appeal against delisting. The exchange will apply to the SEC to delist all of the company's securities.
The suspension of trading and the application to delist all securities are significant negative events for BlueRiver Acquisition Corp. This will likely lead to a decrease in investor confidence and a drop in the stock price.
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