A couple of stinky-pinky CEO's can seemingly put together a RM overnight but then decide a couple of months later that it really didn't work out and they are cancelling it.
A reverse-merger of a Nasdaq-like company (PixelMags) that intends to be listed on Nasdaq into a shell like SPCL is going to take much longer. All of the finest of legal points have to be exactly correct for Nasdaq to accept them and thus a time frame of several months is to be expected. The 8K clearly explains all their intents and actions. If I had to venture a guess I would say this one will be completed sometime between end of this month and Nov 30th. IMHO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.