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Investors\uff09\uff0c\u53ef\u4ee5\u53c2\u4e0e\u79c1\u52df\u6295\u8d44\uff1a<\/p>\n<ul>\n<li>\u4e2a\u4eba\u6216\u914d\u5076\u62e5\u6709\u7684\u91d1\u878d\u8d44\u4ea7\u5728\u6263\u9664\u4efb\u4f55\u76f8\u5173\u8d1f\u503a\u540e\u7a0e\u524d\u53ef\u53d8\u73b0\u4ef7\u503c\u603b\u548c\u8d85\u8fc7$100\u4e07\u3002<\/li>\n<li>\u4e2a\u4eba\u5728\u6700\u8fd1\u4e24\u4e2a\u65e5\u5386\u5e74\u6bcf\u5e74\u7684\u7a0e\u524d\u51c0\u6536\u5165\u90fd\u8d85\u8fc7$20\u4e07\u3002<\/li>\n<li>\u4e2a\u4eba\u4e0e\u914d\u5076\u5728\u6700\u8fd1\u4e24\u4e2a\u65e5\u5386\u5e74\u6bcf\u5e74\u7684\u7a0e\u524d\u51c0\u6536\u5165\u603b\u548c\u90fd\u8d85\u8fc7$30\u4e07\u3002<\/li>\n<li>\u4e2a\u4eba\u6216\u4e0e\u914d\u5076\u5171\u540c\u62e5\u6709\u7684\u51c0\u8d44\u4ea7\u81f3\u5c11$500\u4e07\u3002<\/li>\n<li>\u6700\u8fd1\u5236\u5907\u7684\u8d22\u52a1\u62a5\u8868\u663e\u793a\u5355\u4e2a\u6cd5\u4eba\u5b9e\u4f53\u7684\u51c0\u8d44\u4ea7\u81f3\u5c11\u4e3a$500\u4e07\uff0c\u4e0d\u5305\u62ec\u4e2a\u4eba\u6216\u6295\u8d44\u57fa\u91d1\u3002<\/li>\n<\/ul>\n<p>\u5982\u679c\u60a8\u7b26\u5408\u4ee5\u4e0a\u8981\u6c42\uff0c\u5c31\u610f\u5473\u7740\u66f4\u5e7f\u9614\u7684\u6295\u8d44\u7a7a\u95f4\u5df2\u7ecf\u4e3a\u4f60\u6253\u5f00\uff0c\u53ef\u4ee5\u9009\u62e9\u66f4\u5177\u6536\u76ca\u6f5c\u529b\u53ca\u591a\u9879\u7a0e\u52a1\u653f\u7b56\u4f18\u60e0\u7684\u6295\u8d44\u6e20\u9053\u3002<strong>\u00a0<\/strong><\/p>\n<h3><strong>\u201c\u5408\u683c\u6295\u8d44\u8005\u201d\u6295\u8d44\u65b9\u5411\u53ca\u4f18\u52bf<\/strong><\/h3>\n<p>\u9488\u5bf9\u666e\u901a\u5927\u4f17\u6295\u8d44\u8005\u7684\u4ea7\u54c1\uff0c\u4e3a\u4e86\u4fdd\u8bc1\u5176\u5b89\u5168\u6027\uff0c\u76d1\u7ba1\u66f4\u4e3a\u4e25\u683c\uff0c\u5176\u4ea7\u54c1\u9700\u8981\u5b8c\u5168\u516c\u5f00\uff0c\u6295\u8d44\u65b9\u5411\u53d7\u5230\u8bf8\u591a\u9650\u5236\uff1b\u800c\u5408\u683c\u6295\u8d44\u8005\u53ef\u4ee5\u6295\u8d44\u7684\u4ea7\u54c1\u66f4\u52a0\u7075\u6d3b\u591a\u6837\uff0c\u5f53\u7136\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u6295\u8d44\u8005\u6ca1\u6709\u53d7\u5230\u4fdd\u62a4\uff0c\u9488\u5bf9\u5408\u683c\u6295\u8d44\u8005\u7684\u79c1\u52df\u57fa\u91d1\u540c\u6837\u5fc5\u987b\u4e25\u683c\u9075\u5b88\u52a0\u62ff\u5927\u76f8\u5173\u6cd5\u89c4\uff0c\u6295\u8d44\u8005\u53ef\u4ee5\u5229\u7528\u8fd9\u4e9b\u6cd5\u89c4\u4fdd\u62a4\u81ea\u5df1\u7684\u6295\u8d44\u3002\u5408\u683c\u6295\u8d44\u8005\u53ef\u53c2\u4e0e\u7684\u6295\u8d44\u4e3b\u8981\u6709\u4ee5\u4e0b\u51e0\u4e2a\u65b9\u5411\uff1a<\/p>\n<ul>\n<li>\n<h4><strong>\u79c1\u52df\u6295\u8d44\u516c\u4f17\u4e0a\u5e02\u516c\u53f8\uff08PIPE<\/strong><strong>\uff09<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p>PIPE\u662fPrivate Investment in Public Equity\u7684\u7f29\u5199\uff0c\u6307\u6295\u8d44\u4e8e\u5df2\u4e0a\u5e02\u516c\u53f8\u80a1\u4efd\u7684\u79c1\u52df\u80a1\u6743\u6295\u8d44\uff0c\u5373\u4ee5\u5e02\u573a\u4ef7\u683c\u7684\u4e00\u5b9a\u6298\u4ef7\u7387\u8d2d\u4e70\u4e0a\u5e02\u516c\u53f8\u80a1\u4efd\u7684\u4e00\u79cd\u6295\u8d44\u65b9\u5f0f\u3002<\/p>\n<p>\u5bf9\u4e0a\u5e02\u516c\u53f8\u6765\u8bf4\uff0cPIPE\u878d\u8d44\u6210\u672c\u548c\u878d\u8d44\u6548\u7387\u76f8\u5bf9\u8f83\u9ad8\uff0c\u76d1\u7ba1\u673a\u6784\u7684\u5ba1\u67e5\u8f83\u5c11\uff0c\u800c\u4e14\u4e0d\u9700\u8981\u6602\u8d35\u7684\u8def\u6f14\u6210\u672c\uff0c\u4f7f\u5f97\u83b7\u5f97\u8d44\u672c\u7684\u6210\u672c\u548c\u65f6\u95f4\u90fd\u5927\u5927\u964d\u4f4e\u3002\u5bf9\u6295\u8d44\u4eba\u6765\u8bf4\u4e5f\u662f\u975e\u5e38\u5212\u7b97\u7684\u4ea4\u6613\uff0c\u4e0e\u5728\u4e8c\u7ea7\u5e02\u573a\u76f4\u63a5\u8d2d\u4e70\u80a1\u7968\u76f8\u6bd4\uff0c\u4e0d\u4ec5\u53ef\u4ee5\u83b7\u5f97\u66f4\u4f4e\u7684\u4ea4\u6613\u4ef7\u683c\uff0c\u8fd8\u6709\u671b\u83b7\u53d6\u76f8\u5e94\u6743\u8bc1\uff08Warrant\uff09\uff0c\u5373\u5728\u89c4\u5b9a\u671f\u95f4\u5185\u6216\u7279\u5b9a\u5230\u671f\u65e5\uff0c\u6309\u7ea6\u5b9a\u4ef7\u683c\u5411\u53d1\u884c\u4eba\u8d2d\u4e70\u6216\u51fa\u552e\u6807\u7684\u8bc1\u5238\u7684\u6743\u5229\u3002<\/p>\n<p>\u5728\u52a0\u62ff\u5927\u8bc1\u5238\u4ea4\u6613\u5e02\u573a\uff0c\u6700\u5177\u7279\u8272\u7684\u662f\u65e9\u671f\u77ff\u4e1a\u4f01\u4e1a\uff0c\u5728\u521d\u671f\u7684\u63a2\u6d4b\u4e0e\u91c7\u6837\u9636\u6bb5\uff0c\u516c\u53f8\u6ca1\u6709\u4efb\u4f55\u6536\u5165\uff0c\u9700\u8981\u878d\u8d44\u624d\u80fd\u4fdd\u8bc1\u7ee7\u7eed\u8fd0\u884c\uff0c\u653f\u5e9c\u4e3a\u4e86\u4fdd\u8bc1\u8fd9\u4e9b\u4ece\u4e8b\u8d44\u6e90\u52d8\u63a2\u548c\u5f00\u53d1\u7684\u516c\u53f8\u83b7\u53d6\u8d44\u91d1\u652f\u6301\uff0c\u8bbe\u7f6e\u4e86Flow through shares\uff08FTS\uff09\u4ea7\u54c1\u3002<\/p>\n<p>FTS\u662f\u6307\u52a0\u62ff\u5927\u7684\u77ff\u4e1a\u3001\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u4ee5\u53ca\u53ef\u518d\u751f\u80fd\u6e90\u548c\u8282\u80fd\u884c\u4e1a\u7684\u516c\u53f8\u4e3a\u5176\u9879\u76ee\u52d8\u63a2\u548c\u5f00\u53d1\u6d3b\u52a8\u878d\u8d44\u800c\u53d1\u884c\u7684\u4e00\u79cd\u7279\u6b8a\u80a1\u7968\u3002FTS\u6295\u8d44\u7684\u5e26\u6765\u7684\u56de\u62a5\u662f\u53cc\u91cd\u7684\uff0c\u65e2\u6709\u901a\u8fc7\u7a0e\u6536\u62b5\u51cf\u7ed9\u6295\u8d44\u4eba\u5e26\u6765\u7684\u6536\u76ca\uff0c\u4e5f\u517c\u5177\u80a1\u4ef7\u5347\u503c\u5e26\u6765\u7684\u56de\u62a5\u3002<\/p>\n<p>\u9488\u5bf9FTS\u7684\u6295\u8d44\uff0c\u5168\u90e8\u6295\u8d44\u989d\u53ef\u76f4\u63a5\u62b5\u51cf\u5f53\u5e74\u5ea6\u7684\u6536\u5165\uff0c\u5408\u683c\u7684\u77ff\u4ea7\u6295\u8d44\u66f4\u53ef\u83b7\u5f97\u989d\u591615%\u523020%\u7684\u8054\u90a6Investment Tax Credits\uff08ITC\uff09\u9000\u7a0e\u548c\u5404\u77015%-30%\u4e0d\u7b49\u7684ITC\u3002\u4e5f\u5c31\u662f\u8bf4\uff0c\u5982\u679c\u4f60\u7684\u5e74\u6536\u5165\u572810\u4e07\u52a0\u5143\uff0c\u4e00\u65e6\u6295\u8d44\u4e865\u4e07\u7684FTS\uff0c\u5e94\u7a0e\u989d\u5ea6\u5c31\u76f4\u63a5\u964d\u4f4e\u52305\u4e07\u52a0\u5143\uff0c\u6b64\u5916\u8fd8\u80fd\u4eab\u53d7\u5230\u8054\u90a6\u548c\u5177\u4f53\u6295\u8d44\u7701\u7684ITC\u9000\u7a0e\u3002<\/p>\n<p><a href=\"https:\/\/nai500.com\/wp-content\/uploads\/2018\/05\/FTS.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-221725 lazyload\" data-src=\"https:\/\/nai500.com\/wp-content\/uploads\/2018\/05\/FTS.jpg\" alt=\"Flow through shares\uff08FTS\uff09\" width=\"500\" height=\"275\" data-srcset=\"https:\/\/nai500.com\/wp-content\/uploads\/2018\/05\/FTS.jpg 500w, https:\/\/nai500.com\/wp-content\/uploads\/2018\/05\/FTS-302x166.jpg 302w, https:\/\/nai500.com\/wp-content\/uploads\/2018\/05\/FTS-300x165.jpg 300w, https:\/\/nai500.com\/wp-content\/uploads\/2018\/05\/FTS-390x215.jpg 390w\" data-sizes=\"(max-width: 500px) 100vw, 500px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 500px; --smush-placeholder-aspect-ratio: 500\/275;\" 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