$CCIV here's some reading: https://spacalpha.com/insights/letters-of-intent-and-business-combinations/
After LOI, on average 68 days until a definitive agreement is set. We have a long way to go. $gmhi I bought at 10.97 August 24th the day PR dropped on inteny. 300% up when it flipped to $LAZR on December 6th or whenever.