Learn CW Investment Corporation receives notice of non-compliance from the New York Stock Exchange for failing to maintain a minimum of 300 public shareholders on a continuing basis

THE ANGELS–(BUSINESS WIRE)–Learn CW Investment Corporation (the Company) announced that it has received a notice dated January 13, 2023 from the New York Stock Exchange (the NYSE) informing the Company that because the number of public shareholders is less than 300, the company does not comply with Section 802.01B of the NYSE Listed Company Manual (the Listing Rule). The listing rule requires the company to continuously maintain a minimum of 300 public shareholders. The NYSE’s notice letter states that the company has 45 days (the due date of the compliance plan) to file a plan demonstrating how the company expects to return to compliance with the listing rule within 18 months of receiving the notice . The plan will be reviewed by the NYSE’s Listings Operations Committee (the Committee). The Committee will either accept the plan, after which the Company will be monitored quarterly for compliance with this plan, or the Committee will not accept the plan and the Company will be subject to suspension and delisting procedures.

The company intends to submit a plan by the due date of the compliance plan.

About the company

Leer CW Investment Corporation is a blank check company incorporated as a corporation exempt from the Cayman Islands for the purpose of effecting a merger, exchange of shares, acquisition of assets, stock purchase, reorganization or similar business combination with one or more companies.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement, as amended from time to time, and the Prospectus containing regarding the company’s initial public offering filed with the SEC. Such forward-looking statements include separate dealings in the Company’s common stock and redeemable warrants. The Company expressly disclaims any obligation or undertaking to publicly release updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or changes in events, conditions or circumstances on which any statement is made. based display.