Southern's Meeting with Louisiana State Bond Commission - May 21
If I'm correct, this Thursday, May 21, Southern should attend the meeting with Louisiana State Bond Commission, where they will decide the fate of Southern's revenue bond financing of $402M through LCDA. I'm pretty certain they will attend said date, as it aligns with the timeline. If not, the next meeting is June 18. A final decision should be made during that meeting, which means we should get a press release the same day, friday, or maybe even the week after.
As many of you know, this is a crucial step in the three-way merger, as it's in their BCA. If not met, that could mean no merger. Now, I don't like predicting the stock price, but I assume this would be a huge deal for the sentiment of SAFX and the merger as a whole. Followed by the delivery of the catalysts from Axens, along with the completion of New Rise Reno and start of production - we could be in for a ride.
As always, this DD is my own, and I could be wrong. DYOR just to be sure, and let me know if you have any objections.