The highly anticipated merger vote to create Hyperliquid's Digital Asset Treasury (DAT) has been pushed back by two weeks. This delay, as reported by The Block, has investors wondering about the implications for the future of Hyperliquid Strategies. The initial plan to form Hyperliquid Strategies involved a merger with Rorschach I LLC, a special purpose vehicle (SPV), after an agreement with Sonnet BioTherapeutics, a Nasdaq-listed biotech firm, last July. Hyperliquid Strategies had previously announced ambitious plans to raise up to $1 billion through a stock sale registered with the U.S. Securities and Exchange Commission (SEC) just last month. The postponement of the DAT merger vote raises questions about the timeline and potential impact on these fundraising efforts. Investors should closely monitor further announcements for updated timelines and reasons behind the delay. ```