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Am I reading this wrong? The news is saying they cancelled the offering

$SciSparc (SPRC.US)$ Remainder of may 2023 prospectus canceled. Total 7,363,837 outstanding ordinary shares! This means only 7,586 of 2,745,974 authorized in the prospectus were actually sold! .002% and the rest canceled
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Trading is an art and takes time, lots of time, to get good at
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