The Dominican native is in the midst of selling a portion of his future baseball income to people who buy shares of his stock, which is being sold at $12 apiece. The offering can raise as much as $3.6 million in exchange for as many as 300,000 shares in a sale structured by Finlete Funding, a San Diego-based startup focusing onathlete income-sharing deals. In exchange for the money upfront, Clase will return 3% of his future global baseball earnings to investors.
LOL so he has to make another $200M in order for investors to turn $12 per share into $20?
I wonder how many shares he sold. Hopefully none.