That "Quiet Period" can last for some time, can't it
@PumpDumpChump1 IHL has filed with the SEC with "EGC" Status (Emerging Growth Company)
Therefore.....
Quiet period restrictions
An exception to the “quiet period” rule restricting dissemination of published information outside the
prospectus is provided for EGC filers.EGC filers may engage in oral or written communications with certain potential
investors during the quiet period to gauge interest in the offering. The potential investors must be either qualified
institutional buyers (QIBs) or institutions that are designated as accredited investors. These activities, referred to as
“testing the waters,” may occur prior to or following the date of the registration statement filing. These discussions help
management and their advisors gauge the level of interest in the market for their stock. Companies should bear in mind
that any materials used to test the waters may be requested by the SEC and remain subject to federal securities laws.
https://www.pwc.com/hu/hu/szolgaltatasok/konyvvizsgalat/szamviteli-tanacsadas/kiadvanyok/roadmap_for_an_ipo.pdfSo although it is a "Quiet Period" The underwriters can continue to sound out investor interest.
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Within the "Quite Period" is a "Waiting Period" which I think is quite pertinent to our current phase in the IPO process.Once the registration statement has been filed, the “waiting period” or
“cooling–off period” begins and continues up to
the effective date of the registration. During this period, there are restrictions on the activities the company and the
underwriter can undertake. During the waiting period, the underwriters may accept “indications of interest” from
potential purchasers, but no actual sales can be made until after the effective date.
So now we are waiting...... or cooling off!
"a company can expect to receive several subsequent comment letters from SEC staff outlining
follow-up questions on responses to original comments or additional comments on new or amended information
included in the registration statement. Generally, these responses range from two weeks (second filing)
to a week or
less (subsequent filings)."Good luck waiting as
@Chaya has said we are close!
