The "Offer of Acceptance" is a boiler plate phrase that means the targeted company didn't fight the delisting. No one has been able to get more info from the SEC about that offer containing other conditions.
'For shareholder protection' is also boiler plate language, as it certainly doesn't protect possible bag-holders who now can't sell their stock on the market, and can only liquidate it.
I have that same question.
Two things about that: 1) it was still an operating company with open restaurants (though struggling through COVID19 as many other restaurants did), and 2) Ilegal Mezcal came along and a) filed an opposition to as aspect of the "Illegal Brands" trademark, and b) entered 'settlement negotiations' that lasted a HECKOFA long time. They must have seen real dollar value in that intellectual property.
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