What is the timeline for closing the transaction and any subsequent milestones?

Transaction timeline & key milestones

• August 22 2025 – Special shareholder meeting – The 57 %‑plus vote in favor of the business‑combination proposal means the deal now moves to the formal shareholder‑approval stage. The meeting is the first required milestone; a simple majority is needed for the combination to proceed.

• Late‑August to early‑September 2025 – Post‑meeting filings – Assuming the meeting clears the proposal, the parties will file the required merger‑completion documents (e.g., Form 8‑K, proxy statements, and any regulatory notices) with the SEC and the relevant stock‑exchange. This filing window typically closes within 5‑10 business days after the meeting.

• Mid‑September 2025 – Closing of the business combination – Once the filings are approved and any required regulatory clearances are obtained, the transaction is expected to close. In comparable SP‑ac deals, the “closing” step is usually scheduled 4‑6 weeks after shareholder approval, putting the target date at mid‑September 2025 (around September 15‑20).

• Late September to early October 2025 – Post‑closing integration & tender‑offer finalization – After the merger is consummated, the combined entity will finalize any tender‑offer mechanics, exchange‑ratio adjustments, and the issuance of new shares or cash consideration. This period also includes the filing of a final proxy statement and the distribution of any remaining shareholder communications.

Trading implications

• Short‑term (next 1‑2 weeks): Expect heightened volatility in RND as the market digests the 57 % support level and the upcoming August 22 vote. A clear “yes” outcome will likely trigger a bullish run, while any dissent or failure to achieve a simple majority could depress the stock sharply.

• Mid‑term (post‑meeting to closing): If the combination is approved, the price action will be driven by the perceived valuation of the merged entity and the expected cash‑or‑share consideration. Technicals show the stock is currently in a consolidation zone near its recent high; a breakout above the resistance at $1.12 could signal the start of a rally toward the implied post‑closing price. Conversely, a break below $1.00 may reflect lingering shareholder concerns or pricing uncertainty.

• Actionable view:

  • Buy on any clear “yes” vote if the stock holds above the $1.00 support level, targeting a post‑closing price in the $1.20‑$1.30 range (reflecting the premium implied by the merger terms).
    
  • Tight‑stop just below $1.00 to protect against a negative vote or unexpected regulatory delay.
    

In short, the transaction’s critical dates are the August 22 shareholder meeting, followed by filing/completion steps in late August–early September, and a mid‑September closing. Traders should position for a potential upside breakout after a successful vote, while keeping a tight downside guard until the merger is formally approved.