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> Does this mean that SAFEs are also securities?

Well, obviously, stocks and future interests in stocks are the basic textbook examples of securities. On SAFEs specifically, see, e.g., https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_sa...

“Some issuers have been offering a new type of security as part of some crowdfunding offerings—which they have called the SAFE.”




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