When I was thinking about doing a SPAC to go public, I was told: "Don't do it, you won't raise a PIPE, and SPACs get on average 95% redemptions, and you will IPO with no cash". We raised an oversubscribed $225M PIPE, the largest of any operating business for a SPAC since 2021, and yesterday we had less than 30% redemptions, so we are going public with over $400M on July 2nd at the NYSE. The next stage in Securitize history starts that day.