Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / term-sheet-ridgeline.docx
term-sheet-ridgeline.docx
Parties
Lumos Analytics Inc
Post-Money SA
Calderon Partners LLC
The SA
Lead Investor SA
Calderon Partners LLC Post-Money SA
All SA
Conversion Events The SA
Dates
September 15, 2023
September 12, 2023
June 15, 2023
September 18, 2023
September 20, 2023
September 22, 2023
Amounts
$500,000
$8,000,000
$1,200,000
$28,000,000
$6,800,000
$2,100,000
$1,000,000
$3,500,000
$300,000
$250,000
Obligations
The proposed investment described herein is a separate and additional investment by Ridgeline in the Company and shall not affect the rights, obligations, or terms of Ridgeline's pre-seed SAFE except as may otherwise be agreed in writing by the parties
The post-money valuation cap represents the maximum effective valuation at which the SAFE will convert into equity upon an Equity Financing (as defined below), and shall be used to calculate the SAFE Price per the formula set forth in the Calderon Partners LLC Post-Money SAFE form
5 Pro Forma Ownership at Conversion Upon conversion of the SAFE in connection with a qualifying Equity Financing, the Investor's pro forma ownership in the Company shall be calculated as follows: $1,200,000 ÷ $28,000,000 = approximately 4
If, at any time prior to the conversion or termination of the SAFE, the Company issues any subsequent SAFE, convertible note, or other convertible instrument on terms that are more favorable to the holder thereof than the terms of the Investor's SAFE (including, without limitation, a lower valuation cap, a discount rate, or additional investor protections), the Investor shall have the right to elect, by written notice to the Company, to amend its SAFE to incorporate any or all of such more favorable terms
4 Information Rights Upon execution of the definitive SAFE and continuing for so long as the Investor holds the SAFE or any equity securities of the Company issued upon conversion thereof, the Company shall provide the Investor with the following information: (i) Annual Financial Statements
The information rights described above shall be consistent in all material respects with the information rights granted to the lead investor