Reality is the merger is legal when docs are signed, but there’s a way to back out within 75days. CEO says there are no issues. Done deal once docs are signed...legally.
“Audit was last piece required, there were some unexpected delays so Brian spoke with legal and it's far enough along that they feel comfortable closing before it's officially complete. They have up to 75 days after share exchange to complete the audit and don't need nearly that much time but any announcement of merger delay would have just caused everyone more stress than needed. This was the best way for them to proceed without introducing additional delays that would have further hurt share holders”