RespireRx Pharmaceuticals Inc (fka RSPI)

[bigtalan]

Not sure that is the plan but who knows since it seems they are merging with an already listed company to speed everything up and not having to get current , a company that has been delisted can have a new IPO, but it is often a long and difficult process that requires meeting all the exchange's requirements again. A delisted company, especially one that went through bankruptcy, may issue new shares and go public again through an initial public offering (IPO) to re-enter the stock market, notes Investopedia and The Motley Fool.
Process and challenges
Restructuring and meeting requirements: The company must get its finances in order and meet the listing requirements of the stock exchange, which may include minimum stock price, financial benchmarks, and up-to-date reports, explains Investopedia.
New IPO: The company can choose to either relist its existing shares or opt for a new IPO, where it issues new shares to new shareholders.
Bankruptcy: Companies that have emerged from bankruptcy may issue new shares through an equity offering, which is a special type of IPO, to re-enter the stock market.
Difficult process: The process can be challenging, especially for companies that were delisted due to financial distress.
What happens after delisting
Trading moves to over-the-counter (OTC): Once a company is delisted, its shares can still be traded, but they move to the OTC market rather than a major exchange.
Challenges with OTC trading: Trading on the OTC market can be more difficult and less liquid than trading on a major exchange