Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / due-diligence-summary-memo.docx
due-diligence-summary-memo.docx
Parties
Harkness LLP
Cobalt Ventures LP
Yost LLP
Langford Speir Patent Group LLP
Kassidy LLP
Capitol Corp
Pinnacle BioVentures Fund II LP
Equity Inc
Dates
July 28, 2025
June 23, 2025
July 2, 2025
July 11, 2025
July 18, 2025
December 31, 2024
March 31, 2025
June 30, 2025
August 8, 2025
March 15, 2021
Amounts
$20,000,000
$1.3875
$88,000,000
$108,000,000
$2.00
$30,000,000
$500,000
$2,400,000
$2,500,000
$3,000,000
Obligations
The Series A Preferred Stock is non-participating, meaning that upon a liquidation event, holders must elect between receiving their liquidation preference or converting to Common Stock and receiving their pro rata share of remaining proceeds
Heliograph is required to share 25% of any sublicense income with Meridian
• Diligence Milestones: The Meridian License contains development diligence milestones that Heliograph must satisfy to maintain the license
• Financial Covenants: The Company is required to maintain a minimum cash balance of $3,000,000 at all times
Once the aggregate amount of indemnifiable losses exceeds the basket threshold, recovery shall be available from the first dollar of loss ("dollar one" recovery)
Cobalt shall be entitled to designate one (1) director to the Company's board of directors as the Series B director designee