I believe A lot of companies have active shelf, prospectus sitting waiting, just in case an opportunity comes along
The big question is, will they use it? We know it's part of a potential big raise strategy that might go hand in hand with a reverse consolidation Nasdaq listing etc if the low interest loans don't pan out.
I might be in favour of a FLUX Power type strategy. Add cash, eliminate debt, reduce share count. Question is, who will lend or finance?