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TucsonPhil

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TucsonPhil

Re: Cabocat post# 115936

Monday, 11/14/2022 11:27:46 AM

Monday, November 14, 2022 11:27:46 AM

Post# of 121624
They want to go to the NASDAQ. The NASDAQ has a minimum bid requirement for shares (look it up).

In order to meet that minimum bid price, will they RS, or will they just pay out existing shareholders and IPO on new exchange to get the $14M they are after?

To pay out shareholders, they would need an underwriter for about $7M, so maybe.

Maybe just read the draft S-1/A posted at the SEC website:

https://www.sec.gov/edgar/browse/?CIK=1802546&owner=exclude
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