Life Science Financing Term Sheet Review
The webinar will be a comprehensive overview of each section of a private financing term sheet. The content is geared towards life science senior executives and business development professionals who may be intimidated by and/or are interested in learning more about each of the sections of a term sheet and the purpose for its inclusion. Potential pitfalls of key terms will also be discussed. Topics that will be covered include:
- Types of security/seniority
- Liquidation preference/preferred dividends
- Protective provisions/Votes for certain actions
- Conversions/Pay-to-plays
- Board seats/observation rights
- Pre-emptive rights
- Right of First Refusal & Co-Sale
- Registration rights
- Drag-Along/Tag-Along Rights
- Anti-dilution
- Redemption
- Information rights
- No shops
- Closing conditions
Presenter: Andy Meyerson, Associate, Locust Walk