Aug. 26, 2021
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. 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 (SPARC) will allow us access to investing in companies that we otherwise wouldn't have access to - without needing to tie up excessive capital. This model also supports the ability for retail investors to better vet and examine fully a potential transaction before fronting over limited capital (compared 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 has led to many unrealistic valuations. Approving SR-NYSE-2021-45 will alleviate many of these concerns while still granting retail investor 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. Best, -- Matthew Han (818) 433-1321