GMVD - NASDAQ IPO, page-391

There is a seperate underwriting agreement if anyone bothered to actually look at SEC submissions. It’s 35 pages long and if you take the time to read it you would see certain phrases and sections which make it sound very much like it’s underwritten. For example the additional lock up period for shareholders has been requested by Boustead. Obviously this isn’t because they care about the performance of the company post ipo, it’s because they are worried about a dump because they may still have exposure.

Its common practice for that section of the prospectus to be left empty btw. Go back through lodgements by other companies that have gone through fully underwritten IPO’s recently. Always empty until the 424B4 is released. Until we see a 424B4 we won’t know for sure. But the fact there is a 35 page underwriting agreement is a positive. FYI our last IPO attempt did not have a underwriting agreement, you can check the submissions yourself. Since there wasn’t much interest back then and it wasn’t underwritten the IPO was withdrawn.