According to another post, Interestingly, the SEC Rule 15c2-11, which is 297 pages long, lists exemptions for “shell companies” going thru a reverse merger. These exemptions start on page 96 for those interested. Companies in a shell status going thru a reverse merger may be given a time not to exceed 18 months to become current and meet the new requirements. It’s all there.
These rules are scheduled to begin 26 September, not end of this month.