Secondary Sale
A secondary sale is the sale by an existing stockholder of shares in a private company to a third party that does not occur in connection with an acquisition of the company. Secondary sales differ from primary sales because in primary sales, the company sells stock to its investors and keeps the money. In secondary […]
Security Filings
Referring to the Federal Form D and Blue Sky filings.
SEDAR
System for Electronic Document Analysis and Retrieval, the electronic filing system for the disclosure documents of issuers across Canada, excluding Ontario and British Columbia as they can be filed outside SEDAR. This is the Canadian equivalent of the Securities and Exchange Commission (SEC).
Series A (Series Seed, Series B, Series C – Class of Stock)
Series A, B, and C are funding rounds that generally follow “seed funding” and “angel investing,” providing outside investors the opportunity to invest cash in a growing company in exchange for equity or partial ownership. Series A, B, and C funding rounds are each separate fund-raising occurrences. Series A is the first major round of […]
Series LLC (SLLC)
A Series Limited Liability Company is a master LLC whose organizing document provides for separate subunits (series), which operate as independent LLCs. It is a form of a limited liability company that provides liability protection across multiple “series” each of which is theoretically protected from liabilities arising from the other series, protect personal assets from […]