The Bear Cave

The Bear Cave

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The Bear Cave
The Bear Cave
Problems at Corporate Charities

Problems at Corporate Charities

Tickers: EXFY, RIVN, PATH, BRZE, FRSH, XMTR, BROS, WRBY, and APTM

Edwin Dorsey
Apr 21, 2022
∙ Paid
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The Bear Cave
The Bear Cave
Problems at Corporate Charities
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Dozens of unprofitable IPOs are donating investor dollars to charities, often those affiliated with the founders. The Bear Cave has used the SEC’s Full-Text Search tool to conduct a review of every company that uses “donate” in its S-1 and has a substantive policy of donating investor IPO proceeds to charity. The findings are concerning.

For example, Exp…

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