The Form 10 filing is expected to occur late in the first quarter of 2025 and the SEC typically requires 3 to 6 months for comments/question before accepting such a filing. Furthermore, a lock-up agreement will ensure that divestiture of these new shares cannot take place before January 5, 2026.
Under the LOI, a target date of March 15, 2024 has been set for execution of a definitive agreement, at which time the identity of the LLC will be revealed. That date may be extended by mutual agreement if necessary to facilitate GVSI’s raise.
As always, GVSI management implores potential investors not to risk indispensable funds and to understand that a Letter of Intent does not constitute a definitive agreement. Any investor should consider the possibility of losing their entire investment. There are no assurances that GVSI will be able to fulfill its obligations under the terms of the LOI.
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