Ann: Filing of Amendment No.2 to US Registration Statement (F4), page-8

I believe CBR has done everything it should do. Overall, CBR meets the requirements for listing on NASDAQ. Currently, we should wait for the SEC to announce the effectiveness of the Form F-4 document, as shown in the image below. Typically, this process takes a few weeks. However, the SEC may require CBR to submit new supplemental documents, which could make the merger difficult to complete within August. This could result in a default by CBR.
However, I think the biggest risk lies in the post-listing performance on NASDAQ. You can look at the trends of all 2023 SPAC mergers after their companies are listed. Most companies tend to experience a drop of 50% to 80%, with only a few companies seeing a 100% increase.