Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / legal-diligence-summary-memo.docx
legal-diligence-summary-memo.docx
Parties
Pinnacle Capital Management LLC
Harkness LLP
Pinnacle Venture Fund II LP
Associates LLP
Hargrove Securities LLC
Greer LLP
Meridian Logistics Corp
Delaware General Corp
Dates
July 15, 2022
May 16, 2022
May 12, 2022
May 14, 2022
July 8, 2022
May 23, 2022
June 28, 2022
March 31, 2022
December 31, 2023
March 14, 2016
Amounts
$60,000,000
$47.3
$11.8
$10,000,000
$6,200,000
$0.001
$9,600,000
$0.80
$32,000,000
$2.00
Obligations
The non-participating feature means that preferred holders must elect between receiving their liquidation preference or converting to Common Stock and participating pro rata — they do not receive both
Financial Covenants: The Credit Agreement contains the following financial covenants, among others: (i) Minimum Liquidity Covenant: The Company is required to maintain a minimum unrestricted cash balance of $10,000,000 at all times