Federal Register #SR-NYSETEX-2026-39

SEC notice on proposed NYSE Texas Acquisition Company listing standards

The Securities and Exchange Commission notice concerns a proposed NYSE Texas rule change, not a government procurement opportunity. - Organizations: The filing was made by NYSE Texas, Inc. and published by the SEC; it compares proposed standards with those of the New York Stock Exchange (NYSE) and NYSE American. - Proposal: Add Rule 8a to the NYSE Texas Rule Book to establish listing standards for Acquisition Companies. - Key proposed requirements: Safeguard at least 90% of specified offering proceeds in a qualifying account; complete a qualifying business combination within the applicable period and meet a minimum value threshold; and provide for independent-director approval, shareholder approval, and shareholder conversion or redemption rights in specified circumstances. - Procurement status: No products or services, quantities, or part numbers are requested, and no contract value or performance period is specified.

Description

NYSE Texas, Inc. proposes adopting new Rule 8a under Article 22 of its Rule Book to establish listing criteria for Acquisition Companies. The proposed criteria cover, among other things, the deposit of at least 90% of specified proceeds into a deposit account, completion of qualifying business combinations within a specified period, and shareholder approval or redemption rights. The notice invites comments on whether the proposed rule change is consistent with the Securities Exchange Act of 1934; comments are due November 27, 2026.

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