Aug. 25, 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. All, I am writing today in full support of the new class of SPAC rights presented by PSTH called SPARCS. This new class of forward looking rights provide key improvements in several areas for retail investors who, traditionally have been cut out of funding rounds until the full public market has the same opportunity. 1 -SPARCS level the playing field for retail players by freeing up capital/opportunity costs, wherein; traditional SPAC holders are forced to play a lotto and wait for a mystery box to be presented - good or bad. This positive is important and not aligned with the current SPAC atmosphere that is more aligned with gambling. 2 -One major improvement with SPARCS concerns the business of fee absorption and deafening of speculation. There are many issues in and around the legal costs being reported in the traditional filing processes. Many have lost fortunes reading into these filings where the sponsor can not legally comment. 3 -The SPARC allows the market to truly value a sponsor in the marketplace by assigning intrinsic value to the opportunity of being part of a future deal, which again has traditionally been only for the elite. For any points I missed, please take this as brevity towards my conclusion. I ask that the SEC take this new idea seriously and be part of adding to the trust of the public markets. It’s past time for an innovation in the space. As always, Bryan P Hansen