004
Corporate
Series B restructuring
01 — Context
Context
A product company with an international team and several rounds of informal equity arrangements was preparing for institutional investment.
02 — Challenge
Challenge
Employee equity, advisor grants and earlier convertible instruments had been documented inconsistently across two jurisdictions.
03 — Position
Position
We cleaned the cap table first, then restructured governance so that the new round could be negotiated on simple, readable terms.
04 — Outcome
Outcome
The company entered the round with a consistent corporate record and a governance framework the founders could explain themselves.
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Cases