CHICAGO, Feb. 21,
2024 /PRNewswire/ -- Bite Acquisition Corp. (NYSE
American: BITE) (the "Company," or "BITE") announces that the
Company received a letter from the NYSE American LLC ("NYSE
American" or the "Exchange") on February 20,
2024, stating that the staff of NYSE Regulation has
determined to commence proceedings to delist the Company's Common
Stock, Units and Warrants (collectively, the "Securities") pursuant
to Sections 119(b) and 119(f) of the NYSE American Company Guide
because the Company failed to consummate a business combination
within 36 months of the effectiveness of its initial public
offering registration statement, or such shorter period that the
Company specified in its registration statement.
The Company has a right to request that a Committee of the Board
of Directors of the Exchange review the delisting determination,
provided a written request for such review is requested no later
than February 27, 2024. The Company
intends to make a request for the review of the delisting
determination. At this time, the Securities have not been suspended
and will continue to trade.
About Bite Acquisition Corp.
Bite Acquisition Corp is a special purpose acquisition company
formed for the purpose of effecting a merger, stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. Bite is led by Chair and
CEO Alberto Ardura and a team of
successful industry executives, and venture capital investors who
have long track records of operating business in the restaurant and
food industries.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Certain of these
forward-looking statements can be identified by the use of words
such as "believes," "expects," "intends," "plans," "estimates,"
"assumes," "may," "should," "will," "seeks," or other similar
expressions. Such statements may include, but are not limited to,
statements regarding the Company's plan to make a request for the
review of the delisting determination. These statements are
based on current expectations on the date of this press release and
involve a number of risks and uncertainties that may cause actual
results to differ significantly. The Company does not assume any
obligation to update or revise any such forward-looking statements,
whether as the result of new developments or otherwise. Readers are
cautioned not to put undue reliance on forward-looking
statements.
Company Contact:
Bite Acquisition Corp.
Alberto Ardura González
alberto@biteacquisitioncorp.com
Jose Luis Guerrero Cortes
joseluis@biteacquisitioncorp.com
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SOURCE Bite Acquisition Corp.