I'm not sure if they need a F-1. If true, then perhaps they should distribute warrants instead of common shares, which was the initial plan.
Or this could have something to do with the 2nd part of the distribution. Something didn't feel right to me when you have only 1 record date and 1 ex-date. So perhaps they need to do it differently.
If they need an F-1 then that's not good news because you are looking at a > 6 month delay. But they should have known this. So my guess is, it has something to do with the 2nd part of the distribution.
That's a lot of guesswork, but it's all we have for now.
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