Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use SPAC Warrants as a Second Liquidity Window
On this episode of The Startup Exit Podcast, Lucas and Luna dig into a niche but powerful liquidity tool: SPAC warrants. When a startup goes public via a SPAC merger, founders often receive warrants as part of the deal — but most don't know how to value them, when to exercise, or how to avoid the dilution trap. Using the current market as a backdrop — where tech stocks like Amazon have dipped 5.6% in the last five days while NVIDIA has climbed 3.5% — the hosts explain why warrants behave more like options than equity. They walk through a real-world example: a founder who held warrants…
The skinny
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