🔗 Ad Valorem (SMB AI) · 2026-06-15
Drew and Reese take apart why pro-rata rights failed to protect institutional pre-IPO holders in the SpaceX IPO last week — and what specific contractual language actually does protect mega-round allocators.
Этот файл — RSS-item из Ad Valorem (SMB AI). Полный текст по ссылке: https://advalorem.substack.com/p/syndicate-room-ep26-pro-rata-is-a-e32