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Simple Agreement For Future Equity Def

Posted on 08 Oct 2021
By rb_admin

With participation or enjoyment rights, investors can invest additional funds to maintain their ownership share in equity financing after the financing, for which the SAFE was initially converted into equity. In the exercise of proportional rights, the investor pays the new price of the cycle and not the price he paid at the time of the initial conversion of the SAFE. In the event of an equity financing event before the maturity or end of the SAFE, the company automatically issues to the investor: another innovation of the safe concerns a “proportional” right. The initial vault required the company to allow safe holders to participate in the funding cycle after the funding cycle into which the vault was transformed (e.g.B.