Across Token Buyout: The First Proposal to Convert Back to a Private Company

Across cofounder Hart Lambert explains a proposed restructure: convert the ACROS token and DAO into a private C‑corp with one‑to‑one token‑for‑share conversion and optional buyout.

Key Takeaways

Proposal: convert ACROS token/DAO into a private C‑corporation; token holders may convert one‑to‑one to equity or accept a buyout offered at a modest premium financed from the protocol reserve.
Treasury & valuation: DAO holds ~25% of supply; treasury balance ~USD 25M in stablecoins/crypto; proposal uses these reserves to support buyouts and future buybacks.
Investor mechanics: plan includes a no‑fee SPV to consolidate small holders (target minimum ~$8–10k); international participation unlimited, US accredited participation limited by securities law (~100).
Business model & product: Across emphasizes instant, dollar‑parity stablecoin bridging and intent-based flows—solvers compete to execute atomic transfers; issuers, not users, will bear fees.
Governance & legal: DAO structure complicates commercial deals; converting to a private entity (or using Risk Labs foundation to sign) aims to align incentives and enable partnerships.
Next steps & exits: team is doubling down on growth; investors can expect exit paths via acquisition, IPO, or dividends—read the buyout proposal on Across' forum and Hart's Twitter for feedback.

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