Ross Acquisition Corp II

ROSS

Market cap $151M

Lorraine Hutchinson, Bank of America senior retail analyst, joins CNBC's 'The Exchange' to discuss how the consumer is thinking about their spending, what to expect from retail earnings this week, and more.

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the three securities enumerated below (“Securities”) of Ross Acquisition Corp II (the “Company”) from the Exchange. Trading in the Company's Securities will be suspended immediately. Symbol Description ROSS Class A ordinary shares, $0.0001 par value per share ROSS.U Units, each consisting of one Class A ordinary share,.

PALM BEACH, Fla., March 18, 2024 (GLOBE NEWSWIRE) -- Ross Acquisition Corp II (NYSE:ROSS) (the “Company” or “we”), a special purpose acquisition company, announced today that the New York Stock Exchange (the “NYSE”) notified the Company that it plans to suspend trading of the Company's Class A ordinary shares, public warrants and public units before market open today and commence delisting proceedings with respect to such securities. The NYSE determined to take these actions because Sections 102.06e and 802.01B of the NYSE's Listed Company Manual do not permit a special purpose acquisition company, such as the Company, to remain listed for more than three years after the company's initial public offering without completing an initial business combination. The Company did not complete an initial business combination before March 16, 2024, which was the three-year anniversary of its initial public offering. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision. At this time, the Company does not intend to appeal the NYSE Regulation staff's decision.

PALM BEACH, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Ross Acquisition Corp II (NYSE:ROSS) (the “Company”) announced that on February 26, 2024 it filed a definitive proxy statement (the “Definitive Proxy Statement”) for the solicitation of proxies in connection with an extraordinary general meeting (the “Extraordinary General Meeting”) of the Company's shareholders to be held on March 6, 2024 to consider and vote on, among other proposals, an amendment to the Company's Amended and Restated Memorandum and Articles of Association, to extend the date by which the Company must consummate a business combination from March 16, 2024 to September 16, 2024 (such proposal, the “Extension Amendment Proposal”). The Extension Amendment Proposal is described in more detail in the Definitive Proxy Statement.

Retail stocks with a solid online presence, like Amazon.com, Inc. (AMZN), Wayfair Inc. (W), Travelzoo (TZOO) and Ross Stores (ROSS), are likely to benefit in the near term.