First Light Acquisition Group said it will transfer its listing to the NYSE American where it has been approved to list. FLAG will voluntarily delist from the NYSE. The decision was motivated by more favorable thresholds for continued listing on the NYSE American following recent redemptions of thr SPAC’s shares.
The transfer is expected to occur by Nov. 17.
First Light raised $230 million in a September 2021 IPO with plans to target companies that provide technology-enabled solutions with high-growth, mission-critical applications in government and commercial markets.
Investors redeemed about 82% of First Light shares last summer on a voted for a deadline extension of up to a year. Read more.
