We have, and it’s something we continue to evaluate. However, there are challenges:
Liquidity discounts: Selling private stock often means taking a 30–60% discount off the current valuations.
Capital trade-offs: We’re focused on using our cash to grow the business, which ultimately increases shareholder value, rather than spending it on buybacks.
Potential solutions: We're exploring secondary liquidity options with institutional partners.
We understand long-time shareholders want liquidity, and we’re working to balance that with our growth goals.