Revert "[MIRROR] /atom New() => Initialize() [MDB IGNORE]"

code/modules/projectiles/targeting/targeting_overlay.dm

@@ -18,12 +18,10 @@
 	var/active =    0          // Is our owner intending to take hostages?
 	var/target_permissions = 0 // Permission bitflags.
 
-/obj/aiming_overlay/Initialize()
-	. = ..()
-	owner = loc
-	if(!istype(owner))
-		return INITIALIZE_HINT_QDEL
-	moveToNullspace()
+/obj/aiming_overlay/New(var/newowner)
+	..()
+	owner = newowner
+	loc = null
 	verbs.Cut()
 
 /obj/aiming_overlay/proc/toggle_permission(var/perm)