That's all well, but I am more familiar with bond issuances than equity, and the issuer always has the option to delay until the right market conditions, and I don't know any banker who would ever advise issuing in the middle of big market correction, in the least liquid part of the year.
You actually have that option but there is a limit to how much you can delay - I'm not familiar with US regulation but in most jurisdictions I know about you could delay for max 3 months after your public submission (mostly due to the fact that you present quarterly numbers on the prospectus, which means you need to update it X days after closing the quarter).
