Adit EdTech Acquisition Corp (ADEX)

Special purpose acquisition company, Adit EdTech Acquisition, announced its intention to delist from NYSE, effective January 15, 2024.

NEW YORK, February 13, 2023 (Newswire.com) - Adit EdTech Acquisition Corp. (NYSE: ADEX, ADEX-WS, ADEX-U) ("ADEX" or the "Company"), a special purpose acquisition company, announced today that it expects to transfer the listing of its common stock, units and warrants from The New York Stock Exchange (the "NYSE") to the NYSE American LLC ("NYSE American"), where it has been approved for listing subject to confirmation of its satisfaction of the NYSE American's listing standards. As previously disclosed, on February 7, 2023, NYSE informed ADEX that trading in the Company's common stock, units and warrants had been halted, as the Company no longer satisfies the continued listing standard of the NYSE requiring the 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. ADEX's decision to transfer to the NYSE American was motivated by several factors, including the trading halt and the more favorable thresholds for continued listing on the NYSE American following recent redemptions of ADEX's IPO shares in connection with the vote to extend the deadline by which ADEX must complete its initial business combination. Following the transfer, ADEX intends to continue to file the same types of periodic reports and other information it currently files with the U.S. Securities and Exchange Commission (the "SEC"). ADEX expects its common stock, units and warrants to begin trading on the NYSE American on or about February 16, 2023.

Adit EdTech Acquisition Corp. ("ADEX") (NYSE: ADEX, ADEXU, ADEXW) convened its special meeting of its stockholders on Dec. 14, 2022, and a proposal to adjourn the meeting was approved. ADEX will continue to solicit additional proxies on the proposal to extend the time ADEX has to consummate its initial business combination, as described in its definitive proxy statement filed with the Securities and Exchange Commission (the "SEC") on Nov. 14, 2022 (the "Extension Proposal"). The Special Meeting will reconvene at 11:00 a.m. Eastern time on Dec. 23, 2022, and will still be held virtually at https://www.cstproxy.com/aditedtech/2022. The sole item to be considered at the reconvened Special Meeting will be the Extension Proposal.

San Diego, CA -- (SBWIRE) -- 03/24/2022 -- An investigation on behalf of investors, who currently hold shares of Adit EdTech Acquisition Corp. (NYSE:ADEX), was announced concerning whether the takeover of Adit EdTech Acquisition Corp. is unfair to NYSE:ADEX stockholders.

/PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Adit EdTech Acquisition Corp....