Subject: Feedback on SR-NYSE-2021-45 (approve)
From: Alec Baker
Affiliation:

Aug. 26, 2021


To whom this may concern, 

I'm writing to comment and give support to SR-NYSE-2021-45. As a retail investor, a subscription warrant will allow us access to investing in companies that we otherwise wouldn't have access to - without needing to tie up excessive capital.  This levels the playing field. 

This model also supports the ability for retail investors to better vet and examine fully a potential transaction before fronting over limited capital (compare to large funds and hedge funds that can cast a wide net of millions into various vehicles). 

While the SPAC vehicle has given retail investors access to many early-stage high-growth companies, the speculative nature of the vehicle along with sponsor promotion cut led to many unrealistic valuations. Approving SR-NYSE-2021-45 will alleviate many of these concerns while still granting retail investors access to either high-growth early-stage companies or mature revenue-generating companies. This rule change will further protect investors and further facilitate better capital information. 


Thank you, 
Alec 


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Best Regards, 


Alec Baker