[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!