Market resolves YES if:

• Either:

  • (A) OpenAI conducts a tender offer between 2025-01-01 and 2027-01-01, OR

  • (B) employees are allowed to convert their PPUs to cash by some other mechanism (e.g., some magic happening if OpenAI goes public; this would, as one particular case, include employee PPUs getting converted into shares tradeable on the public market),

• AND:

  • the conversion rate is at least $20/unit.

The "at least $20/unit" is there because I'm also interested in the question of "will OpenAI undergo some type of corporate existence failure" and "PPU value plumetted 90%" is a proxy.

Resolution based on official company announcements or reliable financial news reporting.

Some references:

• https://economictimes.indiatimes.com/tech/technology/openai-deal-lets-employees-sell-shares-at-86-billion-valuation/articleshow/107784738.cms

• https://www.nasdaq.com/articles/openai-earns-new-mammoth-valuation-over-100b

I will not trade on this market.