For a legally-binding contract to be formed, there has to be certain things occur. It's like a checklist. Offer/acceptance is only one part of that checklist.
I'm no lawyer, but something called a condition precedent may be in play here. I.e shareholders need to vote yes before a contract is formed.
I don't think anyone can say with 100% certainty that it's game over. But if I had to place a bet, I'd say, for all intents & purposes, it is.
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