CV Sciences Inc (CVSI): IPO possible without SEC approval. It&#3...

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jrlinnovations1

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Friday, 01/25/2019 3:54:06 AM

Friday, January 25, 2019 3:54:06 AM

IPO possible without SEC approval. It's possible they could take this route to get on the NASDAQ during the gov shutdown.

"Under the Securities Act of 1933, a registration statement filed with the SEC can become automatically effective (i.e. without the SEC's input) 20 calendar days after the filing, and that is the route the company is taking. Under this proposal, the company can go public Feb. 12, 20 calendar days after Thursday."

https://www.cnbc.com/2019/01/24/the-government-shutdown-is-now-altering-the-ipo-business.html

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