As previously reported by Enphys Acquisition Corp., a Cayman Islands exempted company (the "Company"), on July 24, 2024, the staff of NYSE Regulation (the "Staff"), on behalf of the New York Stock Exchange ("NYSE"), commenced proceedings to delist the Company's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant (the "Units"), with each warrant exercisable for one share of Class A Ordinary Share of the Company (the "Warrants"), and Warrants from the NYSE pursuant to Section 802.01B of the NYSE's Listed Company Manual because the Company had fallen below the NYSE's continued listing standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares over a consecutive 30 trading day period of at least $40,000,000. Trading in the Class A Ordinary Shares, Units, and Warrants on the NYSE was suspended after the market closed on July 24, 2024. Effective as of and since July 25, 2024, the Class A Ordinary Shares, Units, and Warrants have been quoted and traded on the OTC Pink Marketplace under the ticker symbols "NFSCF," "NFSUF," and "NFSWF," respectively.

The Company timely exercised its right to a review of the Staff's determination by a committee (the "Committee") of the Board of Directors of the NYSE. On October 10, 2024, the Company withdrew its request for review by the Committee.

On October 10, 2024, the Staff filed a Form 25 with the Securities and Exchange Commission (the "SEC") to remove the Company's Class A Ordinary Shares, Units, and Warrants from listing and registration on the NYSE. The delisting will be effective 10 days following the date of filing of the Form 25.

The Company's Class A Ordinary Shares, Units, and Warrants will continue to trade on the OTC Pink Marketplace following the delisting.