According to NASDAQ's listing standards, they (shorters) s/h 5-6 weeks cover; but at what price point, who knows?!
Could be a bit longer if NASDAQ ties the S-1 to its final approval, but can't say this will be the case for sure.
NASDAQ would mainly want to make sure that approving listing doesn't "gun-jump" SIAF's PPS in order to attract investors to the shares being registered under the S-1.
Could be resolved with a good internal discussion on the use of S-1 shares w/compliance folks from NASDAQ, possibly allowing the process to move forward before S-1 approval.
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