Because there are Broker who need shares to cover their shorts and they had to cover if the Symbol change.
And that is imo the reason why spng stopped the rs.
These brokers are determined in close contact to spng and want to buy shares outside the market . Therefore, there is likely to make a statement on a PP and an AS / OS increases soon Thus SPNG achieved a good return and is out of observation by the SEC.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.