Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As previously disclosed, on August 15, 2023, Polished.com Inc. (the “Company”) received a notice from the staff of NYSE Regulation (the “Staff”), on behalf of NYSE American LLC (the “Exchange”), of the Staff’s determination to commence proceedings to delist the Company’s warrants, each exercisable for one share of the Company’s common stock (the “Warrants”; ticker symbol POL WS), from the Exchange. On August 21, 2023, the Company requested, in accordance with the Exchange Company Guide Section 1203, that a Listing Qualifications Panel (the “Panel”) of the Exchange’s Committee for Review be convened to review the Staff’s determination. The Panel convened to consider written submissions made by the Company and the Staff on October 5, 2023.
On October 11, 2023, the Company received a letter from the Exchange indicating that the Panel determined to affirm the Staff’s decision to initiate delisting proceedings of the Warrants.
The Company has a right to a review of this determination by the full Committee for Review. The Exchange will apply to the Securities and Exchange Commission (the “SEC”) to delist the Warrants upon completion of all applicable procedures, including any appeal by the Company of the Panel’s decision. The Company does not currently intend to appeal the determination.
The delisting of the Warrants has no impact with respect to trading of the Company’s common stock (ticker symbol POL), which will continue on the Exchange. The Warrants may be traded on the pink sheets or any other available market once trading in the Warrants has been suspended by the Exchange.
HELLO FYI THESE POL WARRANTS ARE NOT EXERCISABLE AT 2.25. POST REVERSE SPLIT YOU NEED 50 WARRANTS TO EXERCISE 1 SHARE AT $112.50!! INSTRUCTION DEADLINE DATES Final Date for Instructions: POLSW Jun 01, 2026 15:00 EST Jun 02, 2026 Jun 25, 2021 50.00 0.02 112.50 U.S. Dollar 1.00 New per 50.00 Old POLISHED.COM INC REG SHS-B- CL B 28252C208 US28252C2089 BS85X25 RD Holders may exercise 50 warrants to purchase 1 share of common stock at an exercise price of USD 112.50 per share.
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