If you don’t know about the conversion provision for a bridge financing, read this post on the conversion provision first. There are a few things that will be helpful to understand in relation to this question. The most...
Read MoreFor convertible note bridge financing deals, the conversion provision is usually the main feature of the deal. Let’s assume an angel investor invests $500,000 in exchange for a convertible note. This conversion provision...
Read MoreTerms sheets are generally non-binding and used as a tool to make sure the parties are on the same page with the higher-level terms before the attorneys start drafting the initial documents. Here’s a simple form of a term...
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