HOW. The investor and the company agree on the valuation cap, mutually date and sign a safe and the investor sends the company the investment amount. What happens next? Nothing, until the occurrence of one of the specific events described in a safe. In the meantime, an outstanding safe would be referenced on the company’s cap table like any other convertible security (such as a warrant or an option).
Appears in 5 contracts
Samples: www.colleaga.org, www.thenewsportseconomy.com, media1-production.mightynetworks.com
