The legalities of the underwriting agreement are above my pay grade and are beside the point, IMHO. If the financing deal didn’t close for whatever reason, RVNC would presumably issue a PR saying that the offer was withdrawn “due to market conditions.” In that (unlikely) scenario, the share price would probably go up, at least temporarily.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”