[ccmcarey]

I'm curious how it works from a technical standpoint. If they invest, do they not own shares of the company, and then during the sale the shares are sold, did they just gift the shares back to you personally? Does that have tax implications?

[Shpigford]

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.

[TechBro8615]

Wouldn'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]

Depends on whether it was a stock sale or an asset sale.

[ccmcarey]

Makes sense, thanks!