Good morning.
It's a few things. Yes the change in SZZL meeting date but also clarification/reminder of what is included in the merger eg. hydroxide plant JV (via subsidiary company that hasn't been formalised yet) and the financing that goes with it.
If we're lucky we get more dates than just the SZZL vote. Nonetheless, it's definitely 'price sensitive' involving shares (not sure if that would be explicitly disclosed) so a halt eg. how many shares does $US750M buy in the new company, CRML? That depends on EUR if to disclose or refer to prospectus , previous announcement, etc etc.
Could also include information about financing.
Kill multiple birds with one stone, so yeah possibly also accommodating for delay. Perhaps suspension as well to remove all trades, guessing here as that's what I would have done then blame that further delay on waiting confirmation from third parties confirmation before publishing the announcement.
Ultimately there's obvious shareholders anxiety or unresolved clarity, so best to address it before trading on Nasdaq.
I think all stakeholders know where this is heading. So, I'm not too concerned about the merger, it's a matter of when not if, as I've said before (although that may have been a while back). Still anxious about how we will be perceived by Nasdaq but can't do much about that. My interest now is on CRMA gets passed through EU Parliament and timing of environmental impact assessment but perhaps that's asking for too much right now as the company's focus is on floating on US market.
In my view, best to just hold and wait it out. It's already been two years since first discussion of merger, millions of dollars spent.. what's waiting another quarter? EOFY for Northern hemisphere is 31st March.
Cheers
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