DevOnX

Many are asking why is SpaceX, $SPCX, NOT trading yet? Here's exactly how the IPO process works and when the shares will be available to trade (Bookmark this): The IPO was quoted at 9:50 AM ET and was expected to begin trading at 10:00 AM ET, but that does NOT guarantee shares will trade at that time. Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched. At around 9:50 AM ET, "first indications" came out which are essentially a "gauge" of where the stock will open. The first indications on $SPCX came in at $175/share, or a ~30% premium to the $135/share IPO price. During this process: 1. Orders are entered, but no trades occur yet 2. Nasdaq continuously updates the indicative opening price 3. The opening price is adjusted until supply and demand are balanced 4. Only then does the opening auction occur and the first trade print For major IPOs, delays are common such as Google in 2004 and Meta in 2012 which saw their first trades over 2 hours after the US market opened. We expect the SpaceX IPO to open for trading within the next 60 minutes. Buckle up for a historic day.

To protect existing users and ensure all holders are treated fairly, the Apyx team has temporarily removed most protocol-owned liquidity from secondary markets while U.S. equity markets are closed. This decision is driven entirely by the fact that STRC does not trade over the weekend. As a result, the protocol cannot actively manage its exposure or transact in the underlying asset until markets reopen. Maintaining normal liquidity during this period could create situations where secondary market prices diverge materially from the value of the underlying collateral. In extreme scenarios, this could result in transactions that disproportionately benefit or harm certain users at the expense of others. Our goal is to ensure all users have access to the same underlying NAV and are treated equitably. We currently intend to restore liquidity before U.S. markets open on Monday, June 8, at which point normal market operations will resume. We appreciate the community's patience and understanding.

To protect existing users and ensure all holders are treated fairly, the Apyx team has temporarily removed most protocol-owned liquidity from secondary markets while U.S. equity markets are closed. This decision is driven entirely by the fact that STRC does not trade over the weekend. As a result, the protocol cannot actively manage its exposure or transact in the underlying asset until markets reopen. Maintaining normal liquidity during this period could create situations where secondary market prices diverge materially from the value of the underlying collateral. In extreme scenarios, this could result in transactions that disproportionately benefit or harm certain users at the expense of others. Our goal is to ensure all users have access to the same underlying NAV and are treated equitably. We currently intend to restore liquidity before U.S. markets open on Monday, June 8, at which point normal market operations will resume. We appreciate the community's patience and understanding.

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