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Ross Acquisition Corp II - $ROSS STOCK NEWS

Welcome to our dedicated page for Ross Acquisition II news (Ticker: $ROSS), a resource for investors and traders seeking the latest updates and insights on Ross Acquisition II stock.

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Rhea-AI Summary
Ross Acquisition Corp II (NYSE: ROSS) faces delisting from the New York Stock Exchange due to not completing an initial business combination within three years of its IPO. The company may appeal the decision but is also seeking to list its securities on the Nasdaq Stock Market. If delisted, the securities may trade on the over-the-counter market, leading to reduced liquidity and potential 'penny stock' classification. Shareholders have until September 16, 2024, to redeem their public shares.
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Ross Acquisition Corp II (NYSE: ROSS) announced the filing of a definitive proxy statement for an Extraordinary General Meeting to extend the date for a business combination. If the proposal is not approved, shareholders may face redemption or liquidation.
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Rhea-AI Summary
Ross Acquisition Corp II shareholders approve extension of business combination deadline to March 16, 2024. Holders of 1,339,804 Class A shares redeem their shares for $10.74 per share, totaling $14.4 million. $54.2 million remains in trust.
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Ross Acquisition Corp II files definitive proxy statement for Extraordinary General Meeting to consider extending the date for business combination. If not approved, the company will cease operations and redeem Class A ordinary shares. No redemption rights or liquidating distributions for warrants. NYSE may delist securities if proposal not approved.
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Ross Acquisition Corp II (NYSE:ROSS) received a notice from NYSE stating non-compliance with filing quarterly report. Securities may be delisted if not regained in time.
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Ross Acquisition Corp II

NYSE:ROSS

ROSS Rankings

ROSS Stock Data

151.42M
5.04M
144.54%
Shell Companies
Financial Services
Link
United States
Palm Beach

About ROSS

ross acquisition corp ii is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.