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Investment vehicle was a SAFE. They basically cancelled the SAFE as part of the deal. We've had carryover losses for years, so from a tax perspective, there was
by Shpigford 6y ago
Investment vehicle was a SAFE. They basically cancelled the SAFE as part of the deal. We've had carryover losses for years, so from a tax perspective, there was no hit on either side.
- ccmcarey 6y agoMakes sense, thanks!
- TechBro8615 6y agoWouldn't this count as a liquidation event and thus give them the right to purchase shares at the price that the buyer is purchasing them at?
- kirubakaran 6y agoDepends on whether it was a stock sale or an asset sale.