TechTakes

(caveats: ianal, and not familiar enough with US corp law)

took a brief look at this last night and no, don’t think it entirely kills it. they’re changing two notable things: one is converting from whatever they are into a Public Benefit Corp, and the second is turning their weirdo ownership thing into actual stock

while those AG paragraphs do indeed indicate that they got told to get fucked, perverse incentives still apply and saltman still needs to try find a way out of the squeeze they’re in. don’t think they’d be doing either of those changes if they didn’t see a possible path to exploiting it

It’s ok, I’m sure their burn rate isn’t catastrophic, they’ll be fine.