Oct. 21 at 1:21 PM
$IXHL If you’re someone who doesn’t really know how extensions work, here’s a real example with SEC filings to prove it — in this case,
$ADIL.
• On March 5th, Nasdaq notified the company about compliance issues and set a deadline for September 1st.
• On September 2nd, after the deadline passed, Nasdaq informed them that they had received an extension.
• On September 3rd, the company shared the news with investors through an SEC filing.
So, it’s possible that right now,
$IXHL doesn’t yet know whether they’ve been granted an extension — which could explain the silence.
They can sit on news for 4 days, afaik. If I wereJoel, I would wait for the bears to go short and release the Kraken Thursday or Friday after hour.