The number of shares of Common Stock will be determined based upon the average closing price of the Common Stock for the thirty days preceding the closing...
Above sentence is right off the 8K.
The 30 day period that ends on 7/9 (i.e. the first day preceding the closing), actually begins on 6/9, not 6/11. So maybe they're expecting to get the approval late next week and plan to announce the approval on Friday morning?
News 
Market Data 
Discover 
