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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On October 31, 2022, the New York Stock Exchange (the “NYSE”) notified Quantum FinTech Acquisition Corporation, a Delaware corporation (the “Company”), and publicly announced, that the NYSE determined to commence proceedings to delist the Company’s warrants, each whole warrant exercisable to purchase one-half of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a price of $11.50 per share, and listed to trade on NYSE under the symbol “QFTA WS” (the “Warrants”), from the NYSE and that trading in the Warrants would be suspended immediately, due to “abnormally low” trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual. The Company does not intend to appeal the NYSE’s determination.
Trading in the Company’s Common Stock and units will continue on the NYSE. The Warrants may be traded on the Over-the-Counter Markets through the pink sheets, or any other available market once trading in the Warrants has been suspended by the NYSE.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Quantum FinTech Acquisition Corp. | |||
| By: | /s/ John Schaible | ||
| Name: | John Schaible | ||
| Title: | Chief Executive Officer | ||
Date: October 31, 2022
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