Matthew Kissinger
56:07 - 56:53
“in addition to our developer, you know, ownership of 25% of 8Star Alaska, underneath that, as new investors come into the subsidiaries and equity is issued from those subsidiaries in exchange for capital, we will have the right to participate in that issuance of equity from a minimum of 5% up to 25%”
- Speaker
- Matthew Kissinger
- Timestamp
- 56:07 – 56:53
- Transcript
- House Finance, 5/28/26, 1:30pm
- Community
- Alaska News
- Location
- Anchorage
- Captured at
- May 28, 2026
From the transcript
But in addition to our developer, you know, ownership of 25% of 8Star Alaska, underneath that, as new investors come into the subsidiaries and equity is issued from those subsidiaries in exchange for capital, we will have the right to participate in that issuance of equity from a minimum of 5% up to 25%. And the minimum 5% was really just put in there to avoid having a de minimis stake in there, because, of course, it does open the door for a lot of information. And I suspect that that same limit would be on other investors. This opportunity is going to come in a lot of different tranches. So we've heard a lot of people say, oh, there's a $4 billion decision ahead of us.
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