Advanced Subscription Agreement (public)

Updated 17 October 2025

This Advance Subscription Agreement (ASA) is designed for companies seeking investment before a fixed valuation can be established. An investor provides funds in exchange for equity (shares) to be issued at a future date, typically upon the company's next priced funding round or a specified longstop date. It clarifies that an ASA is not a loan and does not accrue interest.

NHNick Holzherr

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