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ACV Announces Transfer of Listing of Common Stock to the New York Stock Exchange

1. ACV is transferring its stock listing to the NYSE from Nasdaq. 2. Trading on NYSE will begin on March 24, 2025. 3. CFO notes increased visibility and strength in market position. 4. NYSE's infrastructure may expand stockholder reach. 5. ACV aims to transform the automotive marketplace with innovative solutions.

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FAQ

Why Bullish?

The transfer to the NYSE often reflects enhanced credibility and visibility, attracting institutional investors and leading to price appreciation, as seen with other companies making similar transitions.

How important is it?

The move to the NYSE is a strategic decision that positions ACV better in the market, which is important for investor sentiment and stock price.

Why Short Term?

Immediate investor interest and trading volume could increase as the name change approaches, similar to past examples like Spotify when it moved to a more prominent exchange.

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SPOTLYFTUBER
March 11, 2025 08:00 ET  | Source: ACV BUFFALO, N.Y., March 11, 2025 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that it will transfer the listing and trading of its common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market LLC (“Nasdaq”). ACV’s common stock is expected to begin trading on the NYSE on March 24, 2025, and will continue to be traded under its current ticker symbol “ACVA.” ACV’s common stock is expected to continue to trade on Nasdaq until the close of the market on March 21, 2025. “We are excited to announce the transfer of our company’s stock listing to the NYSE, which represents another step in our journey as a public company,” said Bill Zerella, CFO of ACV. “We believe the NYSE's market infrastructure and global visibility will strengthen our position and expand our reach to stockholders.” “We are pleased to welcome ACV to our community of listed companies,” said Chris Taylor, Chief Development Officer, New York Stock Exchange. “We look forward to working with the company for years to come, as it takes advantage of the visibility and liquidity that the NYSE uniquely provides.” About ACV Auctions ACV is on a mission to transform the automotive industry by building the most trusted and efficient digital marketplace and data solutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable. ACV offerings include ACV Auctions, ACV Transportation, ACV Capital, ACV MAX, True360, and ClearCar. For more information about ACV, visit www.acvauto.com. Investor Contact: Tim Foxtfox@acvauctions.com Media Contact: Maura Dugganmduggan@acvauctions.com

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