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Posted On: 09/09/2020 8:04:32 PM
Post# of 36567
For what it's worth, I found this PDF by PWC about IPOs. Pretty thorough. I haven't read enough to tell if there is a difference in their guidance between a spin off and a new IPO.
On page 51 they state:
"The latest audited financial statements cannot be more than one year and 45 days old at the date the registration statement becomes effective"
It's unclear if that would mean from the release date or the closing date of the audit period. If we assume the most pessimistic view of the closing date, that would be 45 days after 7/31, and it would already be past. More likely it would be the due date of the K, which is 10/29. So their guidance would imply the acceptance date could be 1 year + 45 days after that... 12/15.
https://www.google.com/url?sa=t&rct=j&...mjD5TvBXI7
On page 51 they state:
"The latest audited financial statements cannot be more than one year and 45 days old at the date the registration statement becomes effective"
It's unclear if that would mean from the release date or the closing date of the audit period. If we assume the most pessimistic view of the closing date, that would be 45 days after 7/31, and it would already be past. More likely it would be the due date of the K, which is 10/29. So their guidance would imply the acceptance date could be 1 year + 45 days after that... 12/15.
https://www.google.com/url?sa=t&rct=j&...mjD5TvBXI7
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