Consumer-focused bleuacacia ltd said it has been approved to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market.
The SPAC’s securities will be transferred at the market open on Jan. 11. Stock, units, rights and warrants will continue to trade under the symbols BLEU, BLEUU, BLEUR and BLEUW, respectively.
The SPAC received notice from the Nasdaq in July that it was not in compliance with a continued listing requirement to maintain a minimum market value of listed securities.
The SPAC’s shareholders recently approved a deadline extension to Nov. 22.
The SPAC earlier this month said its sponsor has received and is considering a number of offers for the purchase of a portion of its ownership interest in the blank-check company. Read more.
