Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / pinnacle-counter-term-sheet-redline.docx
pinnacle-counter-term-sheet-redline.docx
Parties
Keane LLP
Equity Inc
Option Pool Inc
Pinnacle Venture Fund II LP
Blackthorn Growth Fund III LP
General Corp
Harkness LLP
Pinnacle Capital Management LLC
Dates
July 12, 2023
March 15, 2024
June 30, 2026
June 15, 2026
Amounts
$22,500,000
$5.00
$57,500,000
$80,000,000
$1,500,000
$25,000,000
$4.00
$2.00
$202,500
$1,702,500
Obligations
1), no legally binding obligations shall be created until definitive agreements are executed and delivered by all parties
The following investors (collectively, the "Investors") shall purchase shares of Series A Preferred in the amounts set forth opposite their respective names: 1
8 Shares Issued A total of 4,500,000 shares of Series A Preferred shall be issued to the new-money Investors at the closing of the Financing, allocated as follows: Additional shares of Series A Preferred shall be issued upon conversion of the outstanding convertible notes as described in Section 1
At the closing of the Financing, all outstanding Notes shall automatically convert into shares of Series A Preferred at the lower of: (a) a twenty percent (20%) discount to the Series A price per share ($5
00 per share, the conversion price shall be $2
00 per share, the Note Holders shall receive an aggregate of approximately 851,250 shares of Series A Preferred ($1,702,500 ÷ $2