Row 33115

Row ID: 33115 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 33115 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

You should read about the SPAC structure. It's literally a pot of cash given to a company to take it public in exchange for shares.

These promissory notes were issued to raise additional funds during the SPAC process. They were just converted into shares at current market rates, so that's reported as a non-cash "loss" under GAAP rules.

Edit: My personal opinion - shared by many others - is that SPACs are not shareholder friendly and lead to unnecessary dilution. Most recent ones have failed. They are legal, though.

FieldValue
text You should read about the SPAC structure. It's literally a pot of cash given to a company to take it public in exchange for shares. These promissory notes were issued to raise additional funds during the SPAC process. They were just converted into shares at current market rates, so that's reported as a non-cash "loss" under GAAP rules. Edit: My personal opinion - shared by many others - is that SPACs are not shareholder friendly and lead to unnecessary dilution. Most recent ones have failed. T…
label r/technology
dataType comment
communityName r/technology
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9XTi0tLWl5TFhDa213WnpYUWhvYnlqeDRfckc3VVZCbjgzR0I0MkdnMjk1U2Q5Z09FZmhnaUFDcXYteVFVMkIxVFdNUXJVM1N1Y1JBSEVKZGJ3OFgxZ2VGUElmWjJyYnBZUnFXTnR2MmJ3VVJnWTVMazBfWmtvV0taakhtSlpfOVo1bkxJZzBzampZOVcxWDl4R001ck4tcDJJVXpPbTk0VlhtSnNZTEpYMzk1amlmQXhvNUZpQ1ZzM0EtVnRVc1dYVEx5bnBCYTBHdGtyN0prNWttRUl4UT09

Raw Record

{
  "text": "You should read about the SPAC structure. It's literally a pot of cash given to a company to take it public in exchange for shares.\n\nThese promissory notes were issued to raise additional funds during the SPAC process. They were just converted into shares at current market rates, so that's reported as a non-cash \"loss\" under GAAP rules.\n\nEdit: My personal opinion - shared by many others - is that SPACs are not shareholder friendly and lead to unnecessary dilution. Most recent ones have failed. They are legal, though.",
  "label": "r/technology",
  "dataType": "comment",
  "communityName": "r/technology",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1IYmNBanhVQ2N4VmdncTNNT2l4UTUxcENYYXJKdHZhUXJuWHRKSzFUUjhLY2pxa01OUUlzY0x3QUZiUVhHeVd2S1BSWEZnNEV3cGhDSHhPWEJuemI0RkE9PQ==",
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}
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