Here is the information I got from Integral from the DD and Fraud board
In theory, they could.
I don't know what a SPAC is, must be a new term.
Usually it takes ten (10) Biz days to clear FINRA if your supporting docs are perfectly in order.
However, you can accelerate the process, but you will pay a fine to FINRA. You still need to have the supporting docs in perfect order.
It is pretty hard to get support in 24 hours, no matter how many Stanford and Harvard lawyers and accountants you have on staff.
You have to take the minutes of the SHM, the BoD meeting. Turn it into a BoD Res. and Shareholder Res. also a Corp. Res. file with the respective state SOS, merge in, dissolve, slap down the credit card, pay the fine, submit to FINRA and hope you are in order.
A lot to do in 24 hours.
Just take the 10 days and do it normally. Harvard and Stanford CPAs and Lawyers charge $$$. Just think what $5,000 hour for all these people in aggregate for 24 hours in billable hours. For a name change at that. Fiduciary Responsibility????
10 days sounds good to me.
