Their short prospectus I believe specified what the objective was.
Most trust worthy posters have said that it is waiting for regulatory approvals.
This stock is listed in two markets TSE and Nasdaq and so two regulatory bodies have to exchange information perhaps or satisfy some regulation perhaps. I have no idea.
My wild guess in the past was that some large shareholders have requested for more information.
I am not aware of regulatory restrictions or time limit in raising money although it was in their press release!
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