“The business combination could not be consummated before the expiration of the transaction agreement because the SEC had not yet declared our S-4 registration ‘effective’,” the group said. An S-4 registration is a registration document that companies have to file with the SEC seeking permission to offer new shares, the report added.
Related posts
-
Robinhood’s Dan Gallagher declines potential SEC chair role
Dan Gallagher, Robinhood Markets’ chief legal officer, has withdrawn from consideration to lead the U.S. Securities... -
Trump Plans to Name Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary
“I have been excited about embrace of crypto and I think it fits very well with... -
Australia Seeks Public Input on Crypto Tax Reporting
The Australian Treasury has invited public feedback on implementing...