Humanigen Inc (HGENQ)

[Bored Lawyer]

I read it to mean that NASDAQ uplisting is contingent on completion of the offering. Pricing of the offering (at least in an IPO context) typically occurs the day before the offering closes.

So pricing of the offering, closing of the offering, and NASDAQ uplist will be a bang-bang-bang sequence of events.

HGEN just has to include the "it might not happen" language as CYA.