No, completely false. The 14C informs the company shareholders, the public, and the SEC that a vote occurred or is occurring on a matter that requires one. The SEC isn't approving the 14C or the matter that was voted on. Had there actually been a vote, there'd have been preliminary 14C's to describe in detail what was being voted on and how to vote, but these were a moot point since the insiders controlled the vote outcome.
But that's all a 14C does, has nothing to do with completing whatever is left on the item(s) voted on. If I recall correctly, there were specific deliveries by both parties to the agreement that had to be met in order for it to close.
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