Recent transactions may have QSBS implications for company founders, investors, employees and other shareholders. We’re tracking the QSBS potential of many companies, but if you don’t see a company you are following or have shares in, please let us know.
Are Compass Shares Eligible for the QSBS Exemption? - Real estate brokerage Compass Inc. went public on April 1, 2021. The company backed by SoftBank Group Corp.’s Vision Fund sold 25 million shares for $18 each. Any individual owning stock purchased or received directly from the company could potentially be eligible for the QSBS capital gains tax exclusion or the Section 1045 gain rollover if the QSBS… Read More
Coursera Stock and QSBS Post IPO - Stock in Coursera began trading with a double-digit gain after the online education company late Tuesday priced an initial public offering at the high end of the range investors had been told to expect. The stock opened for trading on March 31, 2021, at $39, up about 18% from the offering price of $33. (Source) Any individual… Read More
Windward Studios Stock and QSBS After PDFTron Acquisition - Denver, Colorado-based startup Windward Studios was acquired by the internationally leading provider of document technology solutions for software developers, PDFTron, on April 8, 2021. According to Crunchbase, the leading document generation software designer, Windward, was founded by David Thielen in 1996. Any individual owning stock purchased or received directly from Windward Studios stock could be… Read More
PactSafe Stock and QSBS After Ironclad Acquisition - Indianapolis, Indiana-based startup PactSafe was acquired by contract lifecycle management pioneer, Ironclad, on March 25, 2021. According to Crunchbase, the leading clickwrap transaction platform, PactSafe, had raised a total of $8.2 million in funding since 2012 from 8 different investment funds. Any individual owning stock purchased or received directly from PactSafe could be eligible for… Read More
Roviero Stock and QSBS Post Series Seed Financing - Roviero, a Silicon Valley artificial intelligence startup, today announced that it has received $6.6M in Series Seed funding to build a disruptive and industry-first Native Graph AI Processor. The new processor addresses the burgeoning edge AI compute market and enables hyper-efficient, ultra-low power and super-high-performance compute, ideally suited for edge applications. The financing was led by prominent… Read More
Are RocksBox Shares Eligible for the QSBS Capital Gains Tax Exemption? - Rocksbox, Inc. was acquired by Signet Jewelers on April 6, 2021. Founded in 2012, Rocksbox offers $21 per month subscriptions for three jewelry selections from noted designers. The monthly subscription fee can be applied toward the purchase of items that customers want to keep. “Under CEO Meaghan Rose’s leadership, Rocksbox has revolutionized the jewelry rental… Read More
Will AeroFarms shares post-SPAC acquisition be eligible for the QSBS exemption? - Congrats if you are an early investor or employee of AeroFarms. On March 26, 2021 the Company announced that it will be acquired by Spring Valley Acquisition Corp. (Nasdaq: SV), a special purpose acquisition company (SPAC). Upon closing of the transaction, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol "ARFM". The… Read More
Bumble Stock and QSBS - In the midst of a pandemic, there are still big events happening that call for cheers. Bumble's CEO and billionaire Whitney Wolfe Herd is the youngest female to take a company public. If you are an early employee or an investor who believed in Ms. Herd's mission early on you could be in for a real… Read More
Databricks Stock and QSBS - Congrats if you are an early employee or investor of the bay area-based unicorn startup Databricks who exercised your stock options! You could be in for some serious cash and potentially serious tax savings. It has been reported that Databricks raised $1 billion at a $28 billion valuation before gearing up for a soon-to-be direct… Read More
GoPuff Shares and shareholders eligible for the QSBS Exemption? - With the recent round of capital invested into GoPuff at a valuation > $9B, many early shareholders (angel investors, venture investors, employees, option holders) are wondering if they can take the QSBS Exemption on their gain of GoPuff. The answer is potentially. There are lots of factors that go into understanding the eligibility or not… Read More
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This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.