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Re: Rock_nj post# 54

Friday, 02/05/2021 8:17:09 PM

Friday, February 05, 2021 8:17:09 PM

Post# of 99
Please correct me if I'm wrong, as I am still learning the SPAC process.
The S-4 was filed on January 11. This is the securities filing for the new (merged) company. The SEC has 10 days to accept the filing or notify the filer of their intent to review the filing. The SEC's average review is 30 calendar days from the date of filing. They will then ask the filer to clearify any issues they found. This back and forth may take awhile. If the SEC review finds no issue then IPOE will, asap, send out the proxies and ask shareholders to vote. This is usually a 10 day process.
It has been 25 days since the S-4 has been filed. It's possible, maybe even likely, we receive the proxy within two weeks.

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