Ionic's November Update, page-53

I think if pre-Sept IPO was a reality then we would have already heard about docs lodged, ticker symbol granted, etc...
I figure that management's strategy has always been to time IPO with substantial commercialisation step-up. Given the timing of their earlier rhetoric about listing, I'll assume that this the Capxx deal they have been waiting for.
If so, then with the recent BS that has happened with Capxx (in addition to whatever overly optimistic timing assumptions companies tend to make) it is anyone's guess when we will have something substantive to demonstrate in our IPO - prior to end Dec 2024 would be a miracle imo. June 2025 seems more realistic