[Federal Register Volume 89, Number 104 (Wednesday, May 29, 2024)]
[Notices]
[Pages 46527-46528]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-11712]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100220; File No. SR-NYSE-2024-18]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company 
Manual To Provide That a Special Purpose Acquisition Company Can Remain 
Listed Until Forty-Two Months From Its Original Listing Date if It Has 
Entered Into a Definitive Agreement With Respect to a Business 
Combination Within Three Years of Listing

May 22, 2024.
    On March 27, 2024, The New York Stock Exchange LLC (``NYSE'' or the 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend Section 102.06 of the NYSE Listed Company 
Manual (``Manual'') to provide that a special purpose acquisition 
company (``SPAC'') can remain listed until forty-two months from its 
original listing date if it has entered into a definitive agreement 
with respect to a business combination within three years of listing. 
The proposed rule change was published for comment in the Federal 
Register on April 10, 2024.\3\ The Commission has received no comments 
on the proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 99906 (April 4, 
2024), 89 FR 25291.
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is May 25, 2024. The Commission is extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed

[[Page 46528]]

rule change so that it has sufficient time to consider the proposed 
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) 
of the Act,\5\ designates July 9, 2024, as the date by which the 
Commission shall either approve or disapprove, or institute proceedings 
to determine whether to disapprove, the proposed rule change (File No. 
SR-NYSE-2024-18).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-11712 Filed 5-28-24; 8:45 am]
BILLING CODE 8011-01-P