Re:Carta doing unsolicited tender offer outreach to their cu...
by jprete on Friday January 05, 2024 @08:19PM
(#38887309)
How close is this to insider trading? I'm not an expert by any means.
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Re:Carta doing unsolicited tender offer outreach to their cu...
by ironSkillet on Friday January 05, 2024 @08:20PM
(#38887317)
Not close because it does not involve a public company. Still seems shady.
Re:Carta doing unsolicited tender offer outreach to their cu...
by medler on Friday January 05, 2024 @08:54PM
(#38887560)
Insider trading laws apply to private companies as well. (No idea about the legal questions on this particular case though)
Re:Carta doing unsolicited tender offer outreach to their cu...
by yieldcrv on Friday January 05, 2024 @08:50PM
(#38887533)
privately held securities as well as non-equity securities can be involved in insider trading, specifically it is a fraud doctrine instead of a "publicly traded equity" doctrine, so it is quite flexible
for different reasons Carta's solicitation doesn't necessarily trigger that, by mere nature of contacting people
Re:Carta doing unsolicited tender offer outreach to their cu...
by zerothOffset on Saturday January 06, 2024 @07:34AM
(#38890921)
+1
affiliates (insider) have to certify below a certain threshold its a private buyer and a private seller so no biggie