March 12, 2022
I'm writing yet another comment in support for the approval of SR-NYSE-2021-45. After reading the submitted proposal amendment I consider all concerns SEC expressed -- some of which I supported -- were successfully addressed.
I have enough experience with financial instruments to understand that proposed subscription warrants are not only superior than existing SPACs in terms of providing retail investors with the option of investing in a good business at an early stage but also doing it with safer risk profile and a \"cleaner\" structure (no huge amount of capital tied in advance, opt-in approach and less to none dilution).
In my opinion it would be a complete nonsense to disprove subscription warrants while maintaining SPACs as a valid financial instrument.
Thank you very much.