I've been getting into reading more into fundamental analysis instead of just technical and was curious, when a company has a PIPE offering, I know restrictions/filings are somewhat more lax. With PIPE offerings, what are the restrictions for the company purchasing the shares? How long are those shares restricted if at all?
This is the filing I am referring:
https://www.bamsec.com/filing/162828023001253?cik=1836981
The offering is to H.C. Wainwright & Co., and I see that the warrants are not exercisable until after 6m, and that the company will file a form to the SEC regarding the resale of those shares. They have filed a form S-3, but it looks like it has a completely different investment company in the S-3 filed for that PIPE offering (Armistice Capital Master Fund, Ltd.).
This is the S-3 I am referring to:
https://www.bamsec.com/filing/119312523019176?cik=1836981
Am I reading this wrong or completely missing something? Regardless of the company names being different, the S-3 isn't active until a EFFECT is present right?
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