I think this update from @Tessera_PE is worth paying attention to. ~20% of the SPCX shares had been sold as of Oct 22, and the first partial proceeds reached the borrower of record on Oct 23. That’s progress, but there’s an important distinction here. The issuer hasn’t received any proceeds yet, and redemption is still closed. I appreciate the transparency because holders need to understand what’s happening behind the scenes, not just hear that things are moving. For me, the next big milestone is seeing the proceeds reach the issuer and redemption officially open. Progress is good, but clear communication matters just as much.