Blueriver Acquisition Corp

07/18/2024 | Press release | Distributed by Public on 07/18/2024 14:16

Failure to Satisfy Listing Rule - Form 425

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On July 15, 2024, NYSE American LLC ("NYSE American") announced that the staff of NYSE Regulation has determined to suspend trading in the Class A ordinary shares (NYSE American: BLUA) and units (NYSE American: BLUA.U) of BlueRiver Acquisition Corp. (the "Company") from NYSE American. The NYSE American had previously announced on February 2, 2024 an NYSE Regulation determination to delist all of the Company's listed securities, which included Company's Class A ordinary shares, units and redeemable warrants (collectively, "Securities"), and the Company appealed such delisting determination. On July 12, 2024, the Company withdrew its appeal.

On July 3, 2024, the NYSE American suspended trading in the Company's redeemable warrants as they were trading at an abnormally low selling price. On July 15, 2024, the NYSE American suspended trading in the Company's Class A ordinary shares and units and delisted the Company's Securities by filing a Form 25 with the Securities and Exchange Commission.

The Company may submit an application to have its Securities quoted on the OTCQX Marketplace ("OTCQX"). The Company cannot provide any assurance that the Securities will commence or continue to trade on this market, whether broker-dealers will continue to provide public quotes of the Securities on this market, whether the trading volume of the Securities will be sufficient to provide for an efficient trading market or whether quotes for the Securities will continue on this market in the future.

Forward-Looking Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no duty to update these forward-looking statements.