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A comment on I sold Baremetrics. Parent comment

Re:I sold Baremetrics by ccmcarey on Tuesday November 10, 2020 @08:50AM (#25045865)
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?
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Re:I sold Baremetrics by Shpigford on Tuesday November 10, 2020 @08:52AM (#25045874)
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.
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Re:I sold Baremetrics by TechBro8615 on Tuesday November 10, 2020 @11:28AM (#25047763)
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?
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Re:I sold Baremetrics by kirubakaran on Tuesday November 10, 2020 @11:54AM (#25048063)
Depends on whether it was a stock sale or an asset sale.
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Re:I sold Baremetrics by ccmcarey on Tuesday November 10, 2020 @08:53AM (#25045888)
Makes sense, thanks!
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