@adamnash @RyanLEllis @Noahpinion Economically it's not much different. Yes the warrant (or more likely some partnership interest at low preference, similar optionality) would be taxed but probably at a very low effective rate (due to low or no intrinsic value).
@adamnash @RyanLEllis @Noahpinion 在经济上并没有太大的不同。是的，认股权证（或者更可能是一些低优先权的合伙权益，类似的选择性）将被征税，但可能以非常低的有效税率（由于内在价值低或没有内在价值）。