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Tuesday, October 1, 2024

Equity Corporate Actions Alert #2024 - 471
Information Regarding the Business Combination of ExcelFin Acquisition Corp (XFIN/W/U)

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  • Industry Announcement

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The business combination of ExcelFin Acquisition Corp (XFIN/W/U) and Baird Medical Investment Holdings Ltd. is expected to close today, Tuesday, October 1, 2024. As a result of the business combination , the Class A Ordinary Shares, Warrant, and Unit of ExcelFin Acquisition Corp (XFIN/W/U) will be suspended from trading. Subject to closing. The suspension details are as follows:

Company Name/Issue: ExcelFin Acquisition Corp Common Stock
CUSIP#: 30069X102
Symbol: XFIN
Last Trading Date: October 1, 2024
Marketplace Effective Date for Suspension: October 2, 2024
Merger Consideration: One (1) Baird Medical Investment Holdings Ltd Ordinary Share (BDMD) for each share held.

Company Name/Issue: ExcelFin Acquisition Corp Warrant
CUSIP#: 30069X110
Symbol: XFINW
Last Trading Date: October 1, 2024
Marketplace Effective Date for Suspension: October 2, 2024
Merger Consideration: One (1) Baird Medical Investment Holdings Ltd Warrant expiring 10/01/2029 (BDMDW) for each warrant held.

Company Name/Issue: ExcelFin Acquisition Corp Unit
CUSIP#: 30069X201
Symbol: XFINU
Last Trading Date: October 1, 2024
Marketplace Effective Date for Suspension: October 2, 2024
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will be domiciled to Cayman Islands and will be listed on the Nasdaq Capital Market. The details are as follows:

Company Name/Issue: Baird Medical Investment Holdings Ltd Ordinary Shares
CUSIP#: G0705H103
Symbol: BDMD
Marketplace Effective Date: October 2, 2024

Company Name/Issue: Baird Medical Investment Holdings Ltd Warrant expiring 10/01/2029
CUSIP#: G0705H11
Symbol: BDMDW
Marketplace Effective Date: October 2, 2024

If you would like to register as a market maker in BDMD or BDMDW, contact Nasdaq Trading Services at +1 212 231 5100.


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