Jaws Mustang Faces NYSE American Delisting Proceedings

Jaws Mustang (JWSM) has released an update to notify the public and investors about listing compliance status.

Jaws Mustang Acquisition Corporation is facing delisting proceedings from NYSE American due to its failure to complete a business combination within the timeframe set by its IPO registration statement. The company has the option to appeal the delisting decision and has been informed that its securities will continue to trade during the appeal process. The outcome, be it suspension and delisting or ongoing trading, will be announced post-appeal.

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For a comprehensive understanding of the announcement, you can read the full document here.