NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of GO Acquisition Corp. (the “Company”), each exercisable for one share of Class A common stock — ticker symbol GOAC WS — from the NYSE. Trading in the Company’s warrants will be suspended immediately. Trading in the Company’s Class A common stock — ticker symbol GOAC — and Units — ticker symbol GOAC U — is expected to continue on the NYSE through at least August 7, 2022. The Company announced on June 17, 2022 that it would redeem its outstanding Class A common stock as promptly as practicable following (but not more than 10 business days after) August 7, 2022, as it intends to discontinue its pursuit of an initial business combination.
NYSE Regulation has determined that the warrants are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual. The Company also disclosed on June 17, 2022 that all outstanding warrants of the Company will be cancelled with effect on the redemption date of the Class A common stock.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the warrants upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.