247 Share Capital contracts

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Safe: Valuation Cap, No Discount (Canada) by Y Combinator
The Y Combinator SAFE: Valuation Cap, No Discount (Canada) governs how investor funds convert into equity based on a pre-set post-money valuation cap, without applying a discount. It ensures that the investor receives shares at a price reflecting the valuation cap if a future financing, liquidity event, or dissolution occurs. This SAFE is part of Y Combinator’s library of open, lawyer-vetted standard financing documents adapted for Canadian securities law.
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Pro Rata Side Letter (Caymans) by Y Combinator
The Pro Rata Side Letter (Caymans) by Y Combinator gives investors the right to purchase their proportional share of preferred shares in future equity financings, preserving ownership when a post-money SAFE converts. It outlines how pro rata rights are calculated, when they terminate, and the rules on assignment and amendments. This side letter is part of Y Combinator’s widely trusted set of standard financing documents, adapted for Cayman-incorporated companies.
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Pro Rata Side Letter (US) by Y Combinator
The Pro Rata Agreement gives investors the right to purchase their proportional share of preferred stock in a company’s future equity financing, protecting them from dilution when a post-money SAFE converts. It sets out how pro rata rights are calculated, when they terminate, and rules for assignment and amendments. This agreement is part of Y Combinator’s publicly available library of standard financing documents, widely trusted and used by startups and investors.
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Pro Rata Side Letter (Singapore) by Y Combinator
The Pro Rata Agreement gives investors the right to purchase their proportional share of equity in future financing rounds, ensuring they can maintain ownership when a SAFE converts. It defines the scope, termination triggers, and assignment rights tied to the investor’s post-money SAFE. This agreement is part of the trusted set of financing documents commonly used with Y Combinator’s SAFE framework.
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Pro Rata Side Letter (Canada) by Y Combinator
The Pro Rata Agreement gives investors the right to purchase their proportional share of preferred stock in a company’s future equity financing, ensuring they can maintain ownership when a post-money SAFE converts. It defines how the pro rata share is calculated, when the right terminates, and the rules for assignment or amendment. This agreement is part of the standard financing documents commonly used alongside Y Combinator’s post-money SAFE framework.
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Term Sheet (UK) by Seedsummit
This template is a term sheet for a **Series Seed** equity funding round, outlining the primary commercial and legal terms for institutional or venture capital investment. It covers essential aspects such as valuation, liquidation preferences, board composition, and founder vesting schedules to facilitate negotiations before drafting definitive investment documents.
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Term Sheet (UK) by Seedsummit
The Seedsummit Seed Share Term Sheet outlines key terms for an early-stage equity financing round under UK law, covering valuation, liquidation preferences, investor rights, founder vesting, and governance. It provides a model structure for venture capital investment using Series Seed preferred shares, reflecting BVCA-standard provisions and typical UK market practice.
Seedsummit
Advanced Subscription Agreement (UK) by Seedsummit
This Advance Subscription Agreement (ASA) allows a company to secure investment funds before its valuation is finalized. Investors provide capital in exchange for equity (shares) that will be issued at a future date, typically upon the company's next priced funding round, a sale, or a listing. It is distinct from a loan, as it does not accrue interest and is not repayable.
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Model PIPE Securities Purchase Agreement (FPI) (NVCA)
This is a model Securities Purchase Agreement for a Private Investment in Public Equity (PIPE) transaction. It details the terms under which a company, often a foreign private issuer, sells various securities (such as ordinary shares, ADSs, preferred shares, and warrants) to investors in a private placement, relying on exemptions from securities registration. The agreement includes extensive representations, warranties, and covenants from both parties, along with provisions for closing and compliance with U.S. securities regulations.
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Model PIPE Form of Pre-Funded Warrant (US Issuer) (NVCA)
The document titled “Model PIPE Form of Pre-Funded Warrant (US Issuer)” from National Venture Capital Association provides a template legal agreement for a pre-funded warrant issued in connection with a PIPE (Private Investment in Public Equity) financing by a U.S. issuer. It outlines terms such as the exercise price, warrant shares, vesting or exercise mechanics, registration rights, adjustments for stock splits or recapitalizations, and standard representations, warranties and covenants.