Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / term-sheet-issues-list.docx
term-sheet-issues-list.docx
Parties
HARKNESS LLP
Pinnacle Venture Fund II LP
Keane LLP
Blackthorn Growth Fund III LP
Pryor LLP
Stonebridge Ventures LLC
Harborview Angel Syndicate LLC
Ridgepoint Seed Partners LP
Dates
April 11, 2026
April 4, 2026
July 12, 2023
April 18, 2026
June 2, 2026
March 31, 2026
June 15, 2026
June 30, 2026
April 14, 2026
April 15, 2026
Amounts
$22,500,000
$14,000,000
$5.00
$6,000,000
$2,500,000
$57,500,000
$80,000,000
$1,500,000
$1.1
$420,000
Obligations
The final term sheet must be executed before exclusivity can commence
Company Draft Position The Company Term Sheet provides that the Series A Preferred Stock shall carry a participating preferred liquidation preference with a 3x participation cap
Under the non-participating structure, holders of Series A Preferred Stock must elect between their preference and their conversion value; there is no cumulative "double dip
Recommended Negotiation Strategy The fundamental transaction consent is a "must-have" item
Amara Osei's 3,200,000 shares of Common Stock and Julian Voss's 2,800,000 shares of Common Stock, totaling 6,000,000 shares—shall be subjected to a new four-year reverse vesting schedule, with a one-year cliff, effective as of the closing date of the Series A financing
We recommend that Pinnacle's counter-term-sheet expressly provide that there shall be no single-trigger acceleration on a change of control (i