$BBBYQ The timeline for potential new security issuance is not random; it is strictly dictated by SEC M&A regulations. Here is the exact mechanical sequence bringing us to the final phase.../👇
1️⃣ The Initial Cooling-Off (Oct 13-Apr 2):
The sequence initiated with the 10/13 filing, entering a 171-day regulatory silence and preparation phase. This phase officially concluded with the market status updates on April 2. cashmarket.deutsche-boerse.com/cash-de/Inform…
2️⃣ The 71D SEC Audit Extension
Following complex Chap 11 M&A transactions, the surviving entity must provide audited financials & pro forma data to the market. Under SEC Form 8-K(Item 9.01), companies are legally granted a strict 71 calendar day extension sec.gov/files/form8-k.…
3️⃣ June 19 Execution Threshold:
Counting the ~75-day SEC window from the April 2 milestone targets the June 18 deadline. On June 19, this restriction officially lifts, legally unlocking the framework for brokers to value and issue new securities.
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