The New York Stock Exchange moved to delist the warrants of G&P Acquisition due to abnormally low prices. The SPAC’s shares and units will continue to list on the exchange under ticker symbols GAPA and GAPA.U.
The SPAC is entitled to a review of the decision.
G&P raised $175 million in a March 2021 IPO to target investment opportunities in the food and beverage, consumer goods, automotive and hospitality sectors. The SPAC is led by CEO Brendan O’Donnell, who is CEO of Newport Craft, a craft brewer and distiller. Read more.
