Wednesday, September 09, 2020 1:41:47 PM
The only way either of these routes could possibly happen would be a minimum 100:1 reverse split, but DLD has always refuted this as an option.
BUT, if they were to submit to NASDAQ as a 'new' company, one which already encompasses the roll-in of their 'other' companies and their corresponding revenues and valuations - I'm fairly confident they would meet all of the criteria for a Direct Listing.
Direct Listings are still relatively new, but they do allow considerably more 'flexibility' than the traditional IPO, and terms can be negotiated to some degree, unlike the set regimens of the regular listing tiers.
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