This article describes the preferred stock financing term sheet document and how you can access it on Savvi.
Signatures Required:
Investors
Company Signatory
Purpose:
A preferred stock financing term sheet outlines the financing agreement between the company and investors. It determines the valuation (whether pre-money or post-money) that will be used to calculate the purchase price for the preferred stock being purchased by investors, as well as any other investor rights that will be granted investors in the financing transaction. Terms in the sheet are highly dependent on the specific circumstances of the deal.
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