Liquid Stock Introduces Spark, a Permanent Capital Liquidity Solution for Pre-IPO Employees and Shareholders

NEW YORK--(BUSINESS WIRE)--Liquid Stock, a fully independent, institutionally-backed firm providing liquidity to employees and stockholders of privately held companies, today announced the debut of Spark, an evergreen financing vehicle designed to provide employees and shareholders of private technology companies with cost-efficient liquidity once a company has publicly filed its S-1.

“Spark is a first-of-its-kind permanent capital solution that provides employees and shareholders with liquidity at a pivotal moment in a private company’s life cycle,” said Jeffrey Le Sage, Co-Founder of Liquid Stock. “We can now offer a higher advance and a lower cost of capital than traditional private market solutions, aligning the interests of companies, employees, and shareholders.”

“Spark enables employees and shareholders to optimize taxes, preserve ownership, and capture more of the value they’ve helped create,” said Greg Martin, Co-Founder of Liquid Stock. “By pairing our structured secondary expertise with our capital partner’s permanent capital, we’re delivering efficient cost of capital at a pivotal moment for private companies and their employees. We view Spark as an innovative and integral addition to the private markets landscape.”

How Spark Works

• Eligibility: Employees and shareholders of private companies that have publicly filed its S-1.
• Structure: Liquid Stock partners with companies and employees to advance up to 50% of share value pre-IPO using a tax-efficient structure.
• Purpose: Provides pre-IPO liquidity at a lower cost of capital than traditional solutions—without requiring a secondary sale.
• Company Benefit: Offers employees a liquidity tool that aligns them with long-term company success without impacting the cap table.
• Shareholder Benefit: Unlocks liquidity while retaining upside potential and tax efficiency.
• Employee Benefit: Enables option holders to become shareholders sooner, converting future gains from ordinary income to capital gains.

Liquid Stock is one of the leading sources of liquidity for option holders and stockholders of private companies looking for tax-efficient solutions to fund stock options exercise or for general liquidity needs. For more information about Liquid Stock, please visit https://liquidstock.com.

About Liquid Stock
Liquid Stock is the pioneer and the leading institutionally backed provider of structured secondary solutions for employees and shareholders of late-stage private companies. More information about Liquid can be found at www.liquidstock.com.

Forward-Looking Statements & Disclosures: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or to enter into any financing. All transactions are subject to eligibility, approval, definitive documentation, and applicable legal, tax, and regulatory review. Terms, availability, and program scope may change.