{"id":5119,"date":"2021-04-15T15:04:15","date_gmt":"2021-04-15T15:04:15","guid":{"rendered":"https:\/\/www.rimonlaw.com\/?p=5119"},"modified":"2021-09-07T15:12:52","modified_gmt":"2021-09-07T15:12:52","slug":"webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts","status":"publish","type":"post","link":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/","title":{"rendered":"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts"},"content":{"rendered":"

1:00 PM – 2:30 PM\u00a0– EDT, April 20, 2021<\/em><\/h3>\n

This 90-minute webinar in eligible in most states for 1.5 CLE credits.<\/p>\n

Presented by Strafford<\/p>\n

Register Here<\/a><\/p>\n

Why You Should Attend<\/h3>\n

This CLE webinar will analyze down-round financings from the vantage point of the company and its investors. The panel will discuss the implications of a down round for employees and existing stockholders, board fiduciary and process issues, and technical and structuring considerations.<\/p>\n

Program Description<\/h3>\n

The current economic environment has required many startups to seek down-round financing, in which the company has a reduced valuation from its prior financing round.\u00a0Down rounds have important implications for employees and existing investors\u00a0and can involve complex structuring concerns. Boards and controlling shareholders must consider any conflicts of interest and the risk of shareholder actions in response to such financing.<\/p>\n

Stock options or other equity awards are important tools for retaining key personnel. Down-round financing\u00a0reduces the value of employee stock awards and the prospects for a profitable exit. Boards may need to consider additional equity awards or a management carve-out plan to prevent key employees from departing.<\/p>\n

Directors have a fiduciary duty to their shareholders and may have conflicts of interest, resulting in litigation from shareholders or creditors negatively impacted by the down round. To mitigate this risk, a board might\u00a0consider the appointment of an independent committee\u00a0to evaluate the proposed transaction, a disinterested stockholder vote, or a rights offering for existing shareholders.<\/p>\n

Down-round financing may be\u00a0further complicated by anti-dilution provisions\u00a0in favor of preferred shareholders, which may allow them to receive a more favorable conversion rate and enhanced voting rights due to the new round of investment. Before proceeding, the parties will need to determine when a conversion occurs and how it will be documented.<\/p>\n

Speakers:<\/h3>\n

Dror Futter<\/a>\u00a0and James C.H. Lee<\/p>\n

Presented By:<\/h3>\n

\"\"<\/p>\n

For more information or to register, click here\u00a0<\/a><\/p>\n

\n
\n

Dror Futter focuses his practice on startup companies and their investors, and has worked with a wide range of technology companies. His fifteen years\u2019 experience as in-house counsel includes positions with Vidyo, Inc., a venture-backed videoconferencing company, and New Venture Partners, a venture fund focused on corporate spinouts. Prior to that, Mr. Futter was Counsel to the CIO of Lucent Technologies, as well as supporting parts of its sourcing organization.\u00a0Read more\u00a0<\/a>here.<\/a><\/p>\n<\/div>\n

\n

Pursuant to applicable rules of Professional Conduct, this email and linked materials may constitute advertising. The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free information about our qualifications and experiences.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

1:00 PM – 2:30 PM\u00a0– EDT, April 20, 2021 This 90-minute webinar in eligible in most states for 1.5 CLE credits. Presented by Strafford Register Here Why You Should Attend This CLE webinar will analyze down-round financings from the vantage point of the company and its investors. The panel will discuss the implications of a…<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2138,1],"tags":[416,2068,2069,1517,57,67,510],"ppma_author":[2085],"acf":[],"yoast_head":"\nWebinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts - Rimon Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts - Rimon Law\" \/>\n<meta property=\"og:description\" content=\"1:00 PM – 2:30 PM\u00a0– EDT, April 20, 2021 This 90-minute webinar in eligible in most states for 1.5 CLE credits. Presented by Strafford Register Here Why You Should Attend This CLE webinar will analyze down-round financings from the vantage point of the company and its investors. The panel will discuss the implications of a…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/\" \/>\n<meta property=\"og:site_name\" content=\"Rimon Law\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-15T15:04:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-07T15:12:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo.png\" \/>\n<meta name=\"author\" content=\"Rimon Law\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rimon Law\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/\",\"url\":\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/\",\"name\":\"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts - Rimon Law\",\"isPartOf\":{\"@id\":\"https:\/\/www.rimonlaw.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo.png\",\"datePublished\":\"2021-04-15T15:04:15+00:00\",\"dateModified\":\"2021-09-07T15:12:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.rimonlaw.com\/#\/schema\/person\/a2c63d24c3d79ad5e260a8252b8f4d4e\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#primaryimage\",\"url\":\"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo-e1634135734990.png\",\"contentUrl\":\"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo-e1634135734990.png\",\"width\":200,\"height\":106},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rimonlaw.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rimonlaw.com\/#website\",\"url\":\"https:\/\/www.rimonlaw.com\/\",\"name\":\"Rimon Law\",\"description\":\"Law Firm Evolved\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rimonlaw.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rimonlaw.com\/#\/schema\/person\/a2c63d24c3d79ad5e260a8252b8f4d4e\",\"name\":\"Rimon Law\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rimonlaw.com\/#\/schema\/person\/image\/2049bd7d731ce64b232d1cb344a8e7ef\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b53c6e44a87df0ec1887222e831d5a78?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b53c6e44a87df0ec1887222e831d5a78?s=96&d=mm&r=g\",\"caption\":\"Rimon Law\"},\"sameAs\":[\"https:\/\/www.rimonlaw.com\"],\"url\":\"https:\/\/www.rimonlaw.com\/author\/rimonlaw\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts - Rimon Law","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/","og_locale":"en_US","og_type":"article","og_title":"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts - Rimon Law","og_description":"1:00 PM – 2:30 PM\u00a0– EDT, April 20, 2021 This 90-minute webinar in eligible in most states for 1.5 CLE credits. Presented by Strafford Register Here Why You Should Attend This CLE webinar will analyze down-round financings from the vantage point of the company and its investors. The panel will discuss the implications of a…","og_url":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/","og_site_name":"Rimon Law","article_published_time":"2021-04-15T15:04:15+00:00","article_modified_time":"2021-09-07T15:12:52+00:00","og_image":[{"url":"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo.png"}],"author":"Rimon Law","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rimon Law","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/","url":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/","name":"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts - Rimon Law","isPartOf":{"@id":"https:\/\/www.rimonlaw.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#primaryimage"},"image":{"@id":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo.png","datePublished":"2021-04-15T15:04:15+00:00","dateModified":"2021-09-07T15:12:52+00:00","author":{"@id":"https:\/\/www.rimonlaw.com\/#\/schema\/person\/a2c63d24c3d79ad5e260a8252b8f4d4e"},"breadcrumb":{"@id":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#primaryimage","url":"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo-e1634135734990.png","contentUrl":"https:\/\/www.rimonlaw.com\/wp-content\/uploads\/2021\/06\/Strafford_Logo-e1634135734990.png","width":200,"height":106},{"@type":"BreadcrumbList","@id":"https:\/\/www.rimonlaw.com\/webinar-structuring-down-round-financing-anti-dilution-protections-employee-considerations-mitigating-board-conflicts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rimonlaw.com\/"},{"@type":"ListItem","position":2,"name":"Webinar: Structuring Down-Round Financing: Anti-Dilution Protections, Employee Considerations, Mitigating Board Conflicts"}]},{"@type":"WebSite","@id":"https:\/\/www.rimonlaw.com\/#website","url":"https:\/\/www.rimonlaw.com\/","name":"Rimon Law","description":"Law Firm Evolved","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rimonlaw.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rimonlaw.com\/#\/schema\/person\/a2c63d24c3d79ad5e260a8252b8f4d4e","name":"Rimon Law","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rimonlaw.com\/#\/schema\/person\/image\/2049bd7d731ce64b232d1cb344a8e7ef","url":"https:\/\/secure.gravatar.com\/avatar\/b53c6e44a87df0ec1887222e831d5a78?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b53c6e44a87df0ec1887222e831d5a78?s=96&d=mm&r=g","caption":"Rimon Law"},"sameAs":["https:\/\/www.rimonlaw.com"],"url":"https:\/\/www.rimonlaw.com\/author\/rimonlaw\/"}]}},"authors":[{"term_id":2085,"user_id":10,"is_guest":0,"slug":"rimonlaw","display_name":"Rimon Law","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/b53c6e44a87df0ec1887222e831d5a78?s=96&d=mm&r=g","user_url":"https:\/\/www.rimonlaw.com","last_name":"Law","first_name":"Rimon","description":""}],"_links":{"self":[{"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/posts\/5119"}],"collection":[{"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/comments?post=5119"}],"version-history":[{"count":0,"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/posts\/5119\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/media?parent=5119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/categories?post=5119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/tags?post=5119"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.rimonlaw.com\/wp-json\/wp\/v2\/ppma_author?post=5119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}