NYSE regulators in a statement said the exchange is suspending trading in Hawks Acquisition warrants due to “abnormally low” price levels.
Trading in the SPAC’s stock and units — ticker symbols HWKZ and HWKZ.U — will continue.
Hawks has a right to a review of the decision. Meanwhile, the NYSE will apply to the SEC to delist the warrants.
Hawks raised $200 million in an October 2021 IPO to focus on businesses that have either emerged from a restructuring or private companies that are burdened by leveraged capital structures. Read more.
