Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use SPAC Warrants to Keep Upside After Going Public
In episode 50 of The Startup Exit Podcast, Lucas and Luna dive into the mechanics of SPAC warrants — the often-overlooked instruments that let founders and early investors retain equity upside long after a merger is complete. They break down how warrant structures work, why they've become a staple in SPAC deals, and what recent market moves — including Palantir's 6.2% weekly dip and Coinbase's flat trading — reveal about investor sentiment toward post-SPAC stocks. Lucas explains the 'earnout vs. warrant' tradeoff, and Luna shares data on how warrant overhangs affect…
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