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Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company Manual To Provide That a Special Purpose Acquisition Company Can Remain Listed Until Forty-Two Months From Its Original Listing Date if it Has Entered Into a Definitive Agreement With Respect to a Business Combination Within Three Years of Listing

89 Fed. Reg. 78949 (Sep. 26, 2024)

Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company Manual To Provide That a Special Purpose Acquisition Company Can Remain Listed Until Forty-Two Months From Its Original Listing Date if it Has Entered Into a Definitive Agreement With Respect to a Business Combination Within Three Years of Listing

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Federal RegisterSep 26, 2024
89 Fed. Reg. 78949 (Sep. 26, 2024)
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    Securities and Exchange Commission
  • [Release No. 34-101126; File No. SR-NYSE-2024-18]
    • September 20, 2024.

    On March 27, 2024, the New York Stock Exchange LLC (“Exchange” or “NYSE”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 19b-4 thereunder, a proposed rule change to amend Section 102.06 of the NYSE Listed Company Manual to provide that a special purpose acquisition company can remain listed until forty-two months from its original listing date if it has entered into a definitive agreement with respect to a business combination within three years of listing. The proposed rule change was published for comment in the Federal Register on April 10, 2024.

    See Securities Exchange Act Release No. 99906 (Apr. 4, 2024), 89 FR 25291 (“Notice”).

    On May 22, 2024, pursuant to Section 19(b)(2) of the Exchange Act, the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change. On July 9, 2024, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act to determine whether to approve or disapprove the proposed rule change.

    See Securities Exchange Act Release No. 100220 (May 22, 2024), 89 FR 46527 (May 29, 2024).

    See Securities Exchange Act Release No. 100480 (July 9, 2024), 89 FR 57436 (July 15, 2024) (“OIP”). Comments received in response to the OIP can be found on the Commission's website at: https://www.sec.gov/comments/sr-nyse-2024-18/srnyse202418.htm.

    On September 10, 2024, the Exchange withdrew the proposed rule change (SR-NYSE-2024-18).

    For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.

    Vanessa A. Countryman,

    Secretary.

    [FR Doc. 2024-22022 Filed 9-25-24; 8:45 am]

    BILLING CODE 8011-01-P