Glossary

Amount Raised

The total investment amount that can be sold under the Purchase Agreement. If the parties want to be able to sell more stock than is initially authorized under the Purchase Agreement, the agreement will need to be amended. This is referred to as an “extension.”

If there are SAFEs or convertible notes converting into equity in an equity financing, the Purchase Agreement will need to provide for that and indicate the amounts of stock issues in connection with such conversion. If the parties are issuing Shadow Preferred for the conversion, that stock will be issued under the Purchase Agreement as well.