Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / preferred-stock-recap-and-waterfall-memo.docx
preferred-stock-recap-and-waterfall-memo.docx
Parties
HARKNESS LLP
Skybridge Fintech Ltd
Hesse CPAs LLP
Harborview Seed Investors LLC
Equity Inc
Compass Bridge Advisory Group LLC
Option Pool Inc
Dates
June 10, 2022
July 18, 2022
December 31, 2021
August 10, 2018
March 6, 2020
April 22, 2022
May 27, 2022
February 1, 2022
Amounts
$45,000,000
$6.00
$30,000,000
$10,000,000
$5,000,000
$140,400,000
$185,400,000
$56,500,000
$1,500,000
$0.0001
Obligations
Dividends on the Series B Preferred Stock must be paid in full before any dividends may be paid on the Series A Preferred Stock or the Series Seed Preferred Stock
Dividends on the Series A Preferred Stock must be paid in full before any dividends may be paid on the Series Seed Preferred Stock
Dividends on the Series Seed Preferred Stock must be paid in full before any dividends may be paid on the Common Stock
The holders of the Series B Preferred Stock, voting as a single class, must approve the following actions: 1
However, the Series Seed must evaluate whether its as-converted share of the total exit value would exceed $1,500,000
47 per share (rounded) The distribution by holder category is as follows: Note regarding option holders: The 2,100,000 outstanding options must be exercised (at the WAEP of $1