September 13, 2021
I am in favor of and look forward to the possible rule change SR-NYSE-2021-45.
The market is ruled by sentiment and loyalty. The SPARC vehicle, beyond being superior to SPACs for all involved parties, could evolve into a way for companies to ease the impact of shelf offerings, reward loyal investors or even aid in spin-offs.
As a retail investor with many wins and and just as many losses under my belt, my hope is that the \"retail friendliness\" vibe from the previous comments do not sway your decision-making. Retail will find a way to lose money no matter your actions. Just inform, educate and regulate. We'll be okay. It's just money.
The listing process needs a 3rd rail besides DPO and IPO. SPACs bubbled because retail wanted a seat at the table. We ate too fast and lost our lunch. SPARC is a better place setting, we and the Market deserve another shot.
Thank you for your time and consideration,
Trent Feiler