Sentences with phrase «convertible loan»

If it is difficult to justify an up - round internally, shareholders may choose a CLA (Convertible Loan Agreement), or in other word, financing the company through a bridge - loan without determining a specific valuation, thus postponing the valuation «problem» to a later stage.

[Plus EUR 168 million of Convertible Loan Note (CLN) issuance, most of which was quickly converted to equity also.]

In February, Assemblymen Matthew Titone and Michael Cusick announced that the funds — including $ 15 million from a New York Works Capital Fund convertible loan — were approved and developers secured the other $ 95 million needed for the project from 12 different sources.

Signed Heads of Terms to put in place a secured convertible loan facility of up to $ 5.1 mio (GBP 3.2 mio).

The project received a $ 2 million convertible loan from Empire State Development Corp.'s Upstate Regional Blueprint Fund and a $ 750,000 capital grant from USA Niagara Development Corp. to assist with the funding.

However, the company has agreed a 200 K convertible loan note deal with Liam McGrattan to provide liquidity.

We then offset 11.6 M of bank debt, and a 30 M convertible loan.

Since my last post, TMW announced a GBP 3.1 mio acquisition of DCD Media (DCD: LN) convertible loan stock (which would convert, if exercised later this year, to a 29.99 % stake).

Acting for Spanish Public Company FCC SA in a dispute concerning rights and obligations under $ 450,000,000 unsecured convertible loan notes.

Normally used for business, convertible loans allow lenders the option to convert the outstanding principal of the loan into an equity position in the borrower's company, which over time, may be worth more.

On Thursday, Staten Island Assembly members Matthew Titone and Michael Cusick announced the funds — including $ 15 million from a New York Works Capital Fund convertible loan — were approved late last month.

Clyde & Co has advised the Zulekha Hospitals Group on obtaining a USD 24 million convertible loan facility from the IFC (a member of the World Bank Group), and on a major restructuring of the

Before you borrow funds with a convertible loan, make sure it's a positive move for the future of your business.

The best way therefore is to use convertible instruments and there are two at your disposal: a convertible loan or convertible equity (SAFE).

As the investor group was seriously interested a solution was found by way of a convertible loan and while that did not solve the facility and friends issue, it did protect the new investor group that consisted of some larger angel investors from across Canada.

A Convertible Loan is commonly used as part of the first financing of a company when valuation can't be agreed on, or as a bridge ahead of a larger Seed or Series A round.

The convertible loan holders were fine as the VC term sheet meant they could convert their original investment and the interest that accrued of almost 5 years into shares at a discount to the $ 4.5 million valuation the VC had given the company.

Assembly members Matthew Titone and Michael Cusick announced the funds — including $ 15 million from a New York Works Capital Fund convertible loan — we were approved late last month and developers secured the other $ 95 million needed for the project.

Generally the interest rate or discount points may be a little higher for a convertible loan.

«The main creditors have confirmed that they are willing to restructure the the USD 3,950 k working capital loan into the existing USD 4,000 k convertible loan, and to postpone the maturity date of the USD 6,200 k convertible bonds and of the convertible loan to respectively December 2018 and June 2019.»

The GIF would disburse 25 convertible loans or matched grants of up to # 200,000 per annum (# 5 million in total).

The deal was done through a Convertible Loan Agreement.

Investment of USD$ 75,000 in Coin - Dash Ltd («Coindash»), a company developing the world's first social trading platform for cryptocurrency investors, through a Convertible Loan Agreement