LogFAQs > #965305045

Sleuthing in the 8-k filing today finds that the s-1 to register Tyde shares has not been declared effective by the SEC is the cause of the delay.

So there are few theories why this might be

The big thing that could cause a delay is that the share count from the record date to distribution doesn't have numbers that are lining up. Aka naked shorting. Otherwise there is nothing in there that should cause a delay-- that's why the SEC allows the distribution date to be set before the S-1 is made effective, because that is a very routine thing to approve under normal conditions.

The PR implied the board of directors made this decision but I think they would eat major fines if they proceeded, or something? It says "due to regulatory and contractual conditions"

I dunno. The whole situation is very strange. I think (hope) the SEC will actually enforce FTDs and their ineffectual threshold list and iron this out in the next month. If that was indeed the cause. It's possible it may start running. If closing naked shorts runs the price that causes margin calls which runs the price more.