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Startups Convertible Notes

Sherman & Howard L.L.C.

Polar Bear Sightings in Death Valley: A Nevada Court Departs from Established Understanding of Conversion Rights Under a...

The common understanding of the right to convert debt to equity under a convertible promissory note has shifted following a Nevada county court ruling in Toptal v. Grosz. In the court’s motion granting partial summary...more

Lippes Mathias LLP

SAFEs vs. Convertible Notes – Which is Better for an Early-Stage Company?

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Our early-stage start-up clients often ask us about the difference between convertible notes and Simple Agreements for Future Equity (SAFEs). Each provides a way for companies to raise capital without the need to determine...more

Morrison & Foerster LLP

Financing Options in the Alternative Protein Industry

This article is Part B of the fifth alert in our series of alerts focussed on the alternative protein industry. While Part A provided an overview of financing options in the industry, this Part B considers a variety of key...more

Goodwin

UK ‘Future Fund’ Update

Goodwin on

The British Business Bank has opened the application process for the Future Fund, a new fund that provides financing to UK start-ups and scale-ups in the form of a convertible loan which is invested directly by the UK...more

Latham & Watkins LLP

UK Announces Full Details of Future Fund Scheme to Support Startups in COVID-19 Era

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The scheme opens on 20 May 2020 and is available on a “first come, first served” basis. On 18 May 2020, the UK government released a draft of its convertible loan note agreement and details of the application process for...more

Latham & Watkins LLP

UK Announces New Funds to Support Startups in the COVID-19 Era

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The UK government is pledging at least £250 million in convertible loan notes to UK-registered businesses. On 20 April 2020, the UK government issued a press release announcing a new Future Fund scheme for the financing of...more

Goodwin

Extending Your Cash Runway In A Distressed Economy: Convertible Loan Notes In The UK

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We live in unprecedented times with global lockdowns and the world economy coming to a standstill in a number of sectors and government interventions to protect income, jobs and businesses. A number of start-ups and high...more

Fenwick & West LLP

Liquidation Preference Overhang, Shadow Preferred Stock De-Mystified

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In the past few years promissory notes and SAFEs have become an increasingly popular way to fund early-stage companies. Fenwick completes hundreds of these types of financings for its clients each year and we recently...more

Latham & Watkins LLP

Token Presale Agreements and the ConsenSys Automated Convertible Note

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Latham & Watkins has collaborated with ConsenSys to launch the Automated Convertible Note to help startups raise capital using a traditional financing instrument with an eye toward a future distribution of tokens. In...more

WilmerHale

In Case You Missed It: Launch Links - September, 2017 #2

WilmerHale on

Some interesting links we found across the web this week: How Pro Rata Works in Venture Capital Deals - VC’s suffer from FOMO just like the rest of us. ...more

Jackson Walker

KISSing SAFEly or SAFEly KISSing: The New Financing Instruments for Startups

Jackson Walker on

As the startup community continues to expand around the country, there is an ever-growing need to understand different ways that a company can structure early stage financing so that it can be equipped to discuss with its...more

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