Could we get Chips money confirmation the same day as earnings?
So the image I’ve attached is a section from the official Chips act documentation that can be found here https://www.nist.gov/system/files/documents/2024/08/06CHIPS%20Award%20Phase%20Overview.pdf
As you can see, there’s a 15 day period between all conditions being precedent to award and the CPO singing an award document.
Wolfspeed announced the completion of the ATM offering (a condition which needed to be met for the award) pre-market on 15th January. This likely means it was concluded on or before the market closed on 14th of January.
On the same day they announced the closing of the ATM offering, they also confirmed their earnings date taking place after market on 29th January which conveniently will be 15 days after the conditions have been met.
Are our board really that smart or am I reading too much into it?
So the image I’ve attached is a section from the official Chips act documentation that can be found here https://www.nist.gov/system/files/documents/2024/08/06CHIPS%20Award%20Phase%20Overview.pdf
As you can see, there’s a 15 day period between all conditions being precedent to award and the CPO singing an award document.
Wolfspeed announced the completion of the ATM offering (a condition which needed to be met for the award) pre-market on 15th January. This likely means it was concluded on or before the market closed on 14th of January.
On the same day they announced the closing of the ATM offering, they also confirmed their earnings date taking place after market on 29th January which conveniently will be 15 days after the conditions have been met.
Are our board really that smart or am I reading too much into it?