Astika Holdings Inc (ASKH)

[nsomniyak]

One factor that may be in play that has not been discussed is that, if there truly is a March deadline regarding shell companies, this creates a "buyer's market" for those private companies looking to go public. The longer they wait, the better deal they are likely to be able to get when they buy a shell to r/m into.

You could argue the flip side, that private companies looking to reverse merge will feel urgency and bid up shells, but I don't think so.

The owners of shells have more to lose if they don't get a deal done by March, and there are LOTS of shells out there. The value of that public listing diminishes significantly after March, while a private company can continue to operate privately as long as need be.

One more thought - if a private company wanted to r/m by the end of December, so as to operate and report all of 2023 as a public company, we would have already seen those announcements. I doubt we see anything here (or with other shells, for that matter) in 2022.