September 7, 2021
Hello,
I am writing in support of SR-NYSE-2021-45.
This rule would allow SPACs to avoid the perverse incentive structure of a 2 year time limit to find a deal. In extending the time limit to 10 years, the opportunity cost becomes much higher, but this is greatly minimized by the proposed warrant structure.
This rule would better align incentives between SPAC sponsors, and investors, and be beneficial to the market as a whole. Thank you.