Also, isn't there restrictions on the price they can sell the shares? Doesn't it have to be .015 cents or something? Didn't that just come out?
Would be curious to hear others thoughts on this, but my understanding is this is a standard provision and that restriction is only in effect until the ticker is quoted on an exchange. After it's quoted, you can sell at any price thereafter. The S-1 language confirms this.
I believe that price is developed typically with the market maker.
Since S-1 is now effective and FPVD is already quoted, I don't think there's any restrictions whatsoever on price. However, it could an intentional and instructive reference price vis-a-vis post-acquisition announcement.
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