hi csl,
i don't think it matters.
what you have here, fairly obviously, is wave funding a separate sprague hobby horse.
that being the case, the positives are lost.
would they have funded a different car company? of course not. it was done because it was a related party transaction. or so it appears.
the appearance is what matters.
this is why you don't do related party transactions if it is possible.
hey, it may also help promote another sprague's logo design business. works for every sprague i can think of.