Subject: In Support of SR-NYSE-2021-45
From: Kevin Tolly
Affiliation:

Aug. 27, 2021


Hi, 


A subscription warrant, as proposed by Bill Ackman, would allow retail investors to evaluate the acquisition target before investing, while protecting against opportunity cost and the 'ticking clock' of the typical 2 year SPAC timeline that might cause a sponsor to consummate a transaction in the interest of receiving their promote. 


Please take my above comment as to be in support of SR-NYSE-2021-45. 


Best regards, 
-- 


Kevin Tolly 
Vanderbilt University '22