It's obvious that FINRA spent a lot of time looking at DOLV. Months and months. Sometimes they do allow corporate actions for companies they shouldn't, but usually that's when they don't really check out the company.
So perhaps in this case the Chinese buyers of the shell were able to convince FINRA that they're okay, at least as far as FINRA's own criteria are concerned. After all, FINRA can only deny a corporate action for specific reasons.
That doesn't necessarily mean the company will be a success. Far as that's concerned, only time will tell. And so far, we don't know much about their plans. It's still suspicious that a company worth billions would bother with a Pink shell.
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