RE:Better carve out than spinoffThe problem with doing it that way is maintaining control and benefiting OldCo. My guess is that when the spin off comes you’ll see issuance of new shares in a financing deal with a strategic partner or investment bank. For example a 1:1 spinoff with shareholders receiving .6 a shares for every oldco share and oldco Holding the remaining .4, then financing with whoever leaves company funded and Peter maintains controlling interest of the company that he and his team built. This allows oldco to benefit from spinco.
Just my thoughts on how it could be structured, I’m likely wrong.
HK