Monday, October 10, 2022 7:42:46 PM
“Rule 144(i)(1) prohibits reliance on the rule for sales of restricted stock and any stock held by affiliates of the issuing company into the public market if the issuing company is now or at any time previously has been a “shell company”, unless the requirements of Rule 144(i)(2) are satisfied.”
https://www.rule144solution.com/definition-of-a-shell-company/
“If the issuer is or was a SPAC or other shell company, Rule 144 will not be available until one year after the de-SPAC transaction (and filing of the Form 10 Information) and then only if the issuer has filed all of its '34 Act reports (other than on Form 8-K).Jan 24, 2022”
https://www.americanbar.org/groups/business_law/publications/blt/2022/02/spacs/
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