anyone ever been through an IPO or SPAC? DM if you have, pls

Welcome to SCGC Players Forum Forums A General Discussion anyone ever been through an IPO or SPAC? DM if you have, pls

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    • #6714
      Matt Hayden
      Participant

      Title says it – my company’s going public and I’m trying to sort out how the best ways to navigate the transition.

      Obligatory guitar content: once it’s done, I’ll be calling SCGC with an order. But I have to get to the finish line in one piece first….

    • #6715
      Hank
      Participant

      Matt,
      Depending on the $$$ amount , the schedule of payment ,cash or stock, the time period you are required to hold the stock before you can sell you are entering an area of extreme tax consquences.
      especially in your State of Ca.
      You really need the advice of a good tax accountant AND a Certfied Financial planner who works on a “fee only” basis and is a fiduciary.
      i know of several here in Florida but with the asset vacume that is the California Dept of revenue you should engage a firm that is liscenced in Ca.
      UNLESS you move to the NO income tax state of Free Florida and establish residense here in the Sunshine State Before the tranaction.


      1993 Martin HD-28 IR/Sitka
      2001 SCGC F Cutaway Maple/German
      2008 SCGC OT Madi/Italian
      2015 SCGC OM “The Tree” Hog/ European
      2016 SCGC 1934 D45 Braz/ Adi
      2016 Taylor K62 CE Limited Edition 12 string all Koa
      2019 SCGC FTC Granadillo/Redwood
      Life is a journey…not a guided tour,
      The Bay,The Gulf Stream , The Open Ocean are particular about who they share their secrets with.

    • #6716
      Daniel
      Participant

      Question:  Will you be wealthy enough to finally take some time off and come for a visit?  😉

      Daniel

       

      • #6717
        Hank
        Participant

        Daniel, maybe we can convince him to use some of those hard earned $$$ to set us up with a SCGC dealership in Florida and France …….Matt ????


        1993 Martin HD-28 IR/Sitka
        2001 SCGC F Cutaway Maple/German
        2008 SCGC OT Madi/Italian
        2015 SCGC OM “The Tree” Hog/ European
        2016 SCGC 1934 D45 Braz/ Adi
        2016 Taylor K62 CE Limited Edition 12 string all Koa
        2019 SCGC FTC Granadillo/Redwood
        Life is a journey…not a guided tour,
        The Bay,The Gulf Stream , The Open Ocean are particular about who they share their secrets with.

    • #6718
      Matt Hayden
      Participant

      Daniel: I don’t expect to be rich, though if the stock hits certain numbers, it’ll accelerate retirement by a couple of years and make some things possible that I’ve held off with the idea that growing the retirement portfolio was more important.  I fervently hope it’ll amount to enough to justify some time off.  I’d very much like to get to Chamouille…..

      And Hank, I live by Walter Becker’s dictate about GAS, as evidenced by this article: http://sdarchive.com/gas.html .  😀  –  I do not think I have the panache or repartee to be a guitar store owner like Stevie Coyle or the late great Stan Jay of Mandolin Brothers in isdaten island* in noo yawk, who was the platonic ideal of a guitar shop owner – the first time I walked in, he handed me a 1939 D’Angelico and asked what I thought of it……and I put it down very carefully after reading the price tag.  But it was goooooood.  But who knows what the future will hold?

      The key thing right now is, as Hank noted, to get my tax act together.  AMT is no joke.  I need to figure out how to exercise in a way that won’t leave me owing more taxes than gains, which is no small challenge, apparently. My existing exercised shares are a bit close to AMT qualification for comfort, but we’ll see how it all works out.

       

      * How did Staten Island get its name?  Henry Hudson was sailing around Sandy Hook, and he looked off to the northeast and said “Is dat an island?”   Dad jokes…

    • #6719
      Hank
      Participant

      http://sdarchive.com/gas.html

      Lordy, Lordy, Lordy……Do NOT let Dee see this.

      Thank you Matt…. for giving me Dreams/or Nightmares.

      Per our phone conversation this evening…. Fair Winds….Your history will guide you well.


      1993 Martin HD-28 IR/Sitka
      2001 SCGC F Cutaway Maple/German
      2008 SCGC OT Madi/Italian
      2015 SCGC OM “The Tree” Hog/ European
      2016 SCGC 1934 D45 Braz/ Adi
      2016 Taylor K62 CE Limited Edition 12 string all Koa
      2019 SCGC FTC Granadillo/Redwood
      Life is a journey…not a guided tour,
      The Bay,The Gulf Stream , The Open Ocean are particular about who they share their secrets with.

    • #6721
      Matt Hayden
      Participant

      Thanks, Hank,

      I promise I won’t share it with Dee 😀 if you don’t share it with Beth.

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