ARK Amending Its Prospectus Language
walllstreetbets·@bemotivated·
0.000 HBDARK Amending Its Prospectus Language
ARK is amending prospectus language for its ETFs https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465921042507/tm2110363-5_497.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465920129560/tm2031206-1_485bpos.htm#a_additionalrisk - Specify risks of investing in SPACs - Remove limit on ADRs, warrants, preferreds, etc - Remove 10% limit on investing of assets in single firm, up to 30% now - Remove limit on investing in 20+% of a single firm's shares Seems to allow them to make even bigger bets on specific plays, i.e they were previously capping Tesla at 10% of their holdings in ARKK as it grew.
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