That does not automatically assume the deal is dead. That's an opinion.
And with regards to de-listing:
They would not file to de-list. That would remove SPCL entirely. What they could do is file a 15-15D to the SEC and go dark instead. That way SPCL will still be available.
SPCL was defunct prior to this deal. Pixelmags is preparing their financials from 2015 and 2016 to take the place of SPCL's - why wouldn't they? Seems obvious, since they already own SPCL, that they would use PIXELMAGS FINANCIALS for this.
The stop sign has been applied to SPCL by the OTC because they have noted that public information has not been made readily available to the investing public. They suggest that investors/potential investors contact the company first about their public filings before making any investing decision.
They will be filed 4 days after Merger Completion.
From the 8k, Article V:
5.3 Post-Closing SEC Filings. Not later than four (4) Business Days following the Closing Date, Solaris shall file with the SEC (a) a Form 8-K Interim Report disclosing this Agreement and the transactions contemplated hereby, and include therein, audited financial statements for Pixel for the two fiscal years ended December 31, 2015 and quarterly financial statements for the two fiscal quarters ending March 31, 2016 and March 31, 2015.
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