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Yes and no. It sounds like the capped profit PPU holders will get to have their units convert 1:1 with unlimited profit equity shares, which are obviously way m
by az226 1y ago
Yes and no. It sounds like the capped profit PPU holders will get to have their units convert 1:1 with unlimited profit equity shares, which are obviously way more valuable. So the nonprofit loses insanely in this move and all current investors and employees make a huge amount.