September 4, 2021
I am writing to support SR-NYSE-2021-45. A subscription warrant allows non-institutional investors to participate in companies (e.g. an IPO) that would otherwise be impossible to have access to.
The listing of a subscription warrants is significantly better than the listing of a typical SPAC vehicle because not only that this subscription warrants offers an \"opt-in\" feature which ensures that there will be no tie up of excessive capital (for years in the case of a SPAC), but also it enables for retail investors to better vet and examine a transaction before deciding to opt-in.
Approving SR-NYSE-2021-45 will alleviate many of the concerns surrounding a typical SPAC (e.g. capital tied up in a treasury account for years) while granting investors the opportunity to invest in companies that are ready (but not yet) to go public in the United States. SR-NYSE-2021-45 will provide further protection to the investors and facilitate better capital formation.