I believe this is very relevant information that is being overlooked:
I believe SPCL was target to be the ticker host because SPCL was never technically a shell company. Since SPCL was never a shell, this reverse merger (by definitions described below) is technically not a reverse merger in the eyes of NASDAQ, thus they do not need to wait one year to uplist. We all wonder...why SPCL...why buy out another company for a bit extra...I think this is why.
In regards to uplisting:
Rule 5110
(a) Business Combinations with non-Nasdaq Entities Resulting in a Change of Control
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