Yeah, keeping small investors out of SPAC deals sounds like "protecting them", but it often just shields insiders and cuts retail from any upside'. From a risk view it's defintely not all bad though, fewer rushed IPOs means less carnage later :)
The offering was structured for institutional investors: 98.7 percent was allocated to large institutions, each explicitly selected, while the remaining 1.3 percent was set aside for retail investors.
They are better suited to investors who can underwrite the volatility, place them within a broader structured portfolio, and have the capital to support the company over the long term.
Public commentary about AEXA and its potential targets will be minimized, with limited media and communications, to avoid any implication that this and future offerings are aimed at retail investors.
Yeah, keeping small investors out of SPAC deals sounds like "protecting them", but it often just shields insiders and cuts retail from any upside'. From a risk view it's defintely not all bad though, fewer rushed IPOs means less carnage later :)
The offering was structured for institutional investors: 98.7 percent was allocated to large institutions, each explicitly selected, while the remaining 1.3 percent was set aside for retail investors.
It was designed to be almost entirely institutionally backed because experience shows these vehicles are not ideal for most retail investors.
They are better suited to investors who can underwrite the volatility, place them within a broader structured portfolio, and have the capital to support the company over the long term.
Retail investors who choose to disregard prior cautions about SPACs should carefully review the disclosures and make a fully informed decision.
Public commentary about AEXA and its potential targets will be minimized, with limited media and communications, to avoid any implication that this and future offerings are aimed at retail investors.
This aims to provide transparency and clarity on the incentives.