Dec. 5 at 12:01 AM
$MVST Ah, silence. That sound you don't hear is the total absence of new docket filings on the Clenera case. If the docket remains silent until 4pm tomorrow, the deal is effectively guaranteed (clearly the market thinks so already). Clenera would not let a weekend pass without securing their judgment unless a contract was signed or imminent.
Technically Microvast has until next Tuesday (Dec 9) to file an 8-K for a material event that happened Dec 3. It is in their interest to get it filed tomorrow, though - my guess is after hours, although pre-market would be fun.
There's resistance at
$3.80 thanks to both the 20-DMA and 100-DMA setting a ceiling - I suspect we'll stay below that until the 8-K drops, but maybe we get this party started early while the ATM stays paused. We'll see!
