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Tuesday, April 16, 2024 9:56:58 PM
Utah Flash
Re: None
Tuesday, 03/21/2023 10:39:00 AM
The extension filed by YOTA could be for several reasons:
1. Delays to their 10K filing (YOTA) and integration of said numbers into the S-4.
2. Extended review by the SEC. The SEC is looking at SPAC deals much harder.
3. Accounting and Legal review of the S-4.
Votes have nothing to do with it. The Company and the SPAC sponsor entered into the agreement with a 100% commitment of the votes being in favor. Backed up by both parties with a $3M break-up fee. You don't enter an agreement like that if you don't know the votes in advance.
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