I've heard anecdotally that there has been a lot of enforcement (regulatory, etc.) against public companies trying to promote a crypto angle. There is a lot of attention on that space right now, and it's possible that we will see a run of certain crypto-currencies, which can lead to spikes in crypto-adjacent public cos (I can think of a few bitcoin mining/merchant banking companies with recent runs).
I see the filing as reinforcing that, AS OF NOW, XHUAD, soon to be GIBX, does not have any assets, has not completed a merger, etc. I see this as potential CYA on behalf of the company, with the possibility that keeping the PPS somewhat depressed can more easily facilitate a future transaction.
Even if GUSDT is completely separate from GIB Cap, GIB Cap is allegedly engaged in providing prime brokerage services, including for crypto assets. So I do not see it possible to have a "crypto-free" transaction/future involving the same GIB we have all been talking about.
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