Aug. 27, 2021
To Whom It May Concern, I'm writing to comment and give my strong support to SR-NYSE-2021-45. As a retail investor, I love the idea of Subscription Warrants for the following reasons: Allows me to review, vet, and do my own due diligence on a potential transaction and “buy into” rather than accept a deal that I may not think is a wise use of my capital. Eliminates my opportunity cost where my limited capital is not tied up while a sponsor searches for a transaction like a typical SPAC. Allows private companies simply another way of going public - more choice is a good thing. A longer time horizon to complete a deal eliminates the two-year “shot clock” many sponsors have had which has resulted in less-than-ideal deals in order to just get something done. Subscription Warrants will allow the SEC to work with retail, institutions, exchanges, and businesses to improve upon the process and create something unique where every stakeholder is on the same page from day 1. For these reasons, I do not see any reason why Subscription Warrants would be in opposition to your mission of protecting investors, maintaining fair markets, and facilitating capital formation. I encourage you to work with all stakeholders to improve on this exciting offering but killing such a unique vehicle seems drastic and an overreaction. If you find any issues or roadblocks with such warrants, I encourage you to work with the investing community to make this a better product for all. I look forward to following along as this continues down the review process and hope to one day have an opportunity to become a shareholder in many of our great private businesses through these Subscription Warrants. Thank you for your time and consideration. Sincerely, John Maattala Dover, NH