Don't hold your breath as relisting isn't going to
Post# of 22465
(Total Views: 840)
Posted On: 09/09/2021 10:21:11 AM
Re: goodsportPA #20861
Don't hold your breath as relisting isn't going to be any time soon. It will happen but not as expeditiously as everyone may be thinking.
Here's why:
How long does it take to go public after filing S-1?
Also, keep in mind that it typically takes the SEC approximately 25 days to provide initial comments on your Form S-1 filing, not including the additional S-1/A's (amended) that will be required. This is the longest of the pre-IPO stages so give yourself 10 to 14 (worse case 21) weeks to complete it because the typical timeframe for the SEC review is between 90 to 150 days.
Keep that in mind as it is several more weeks before they are ready to file the initial S-1. The company response to my question "is there any end in site to re-listing?" was "We are on track to file the S1 mid to late October provided we continue to get the support we need from the auditors and the lawyers."
Bottom line is they will eventually get listed again just not as expeditiously as everyone would like.
Here's why:
How long does it take to go public after filing S-1?
Also, keep in mind that it typically takes the SEC approximately 25 days to provide initial comments on your Form S-1 filing, not including the additional S-1/A's (amended) that will be required. This is the longest of the pre-IPO stages so give yourself 10 to 14 (worse case 21) weeks to complete it because the typical timeframe for the SEC review is between 90 to 150 days.
Keep that in mind as it is several more weeks before they are ready to file the initial S-1. The company response to my question "is there any end in site to re-listing?" was "We are on track to file the S1 mid to late October provided we continue to get the support we need from the auditors and the lawyers."
Bottom line is they will eventually get listed again just not as expeditiously as everyone would like.
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