Venture Counsel

Fundraising

GAILLE represents management teams in all aspects of their fundraising process, including evaluation of funding alternatives, drafting and negotiation of funding agreements, and maintaining the company’s capital table to ensure that ownership of the company is accurately depicted.

REPRESENTATIVE MATTERS
VENTURE EQUITY
  • SAFEs. Represented startup in $4.2MM SAFE transactions across two rounds and ~20 investors.
  • Grants. Represented startup in grant agreement with Breakthrough Energy Foundation.
  • Bridge Financing. Represented startup in complex bridge transaction involving 7 classes/series of stock with participation by two multinational strategic investors.
  • Series A. Represented startup in $13 MM Series A with participation from 6 venture firms and one multinational strategic investor.
  • Cap Table Cleanup. Represented controlling stockholders/Board members of startup in resolving 70 outstanding convertible notes exceeding $12MM on cap table.
  • Africa. $40 million line of private equity for startup company
  • Texas. $42 million line of equity for startup company
  • United States. $3 million bridging equity with recipient holding a buyback option exercisable by a date certain
  • United States. $2.5 million convertible preferred stock with warrant coverage
  • Texas. $20 million asset exchange agreement in which various owners of assets assigned their assets to a new company in exchange for equity in the new company
  • United States. Representing various private equity-backed management teams in their negotiation of private equity documents, including company governance (LLC agreements), management services agreements, and incentive grant agreements.
  • United States. $100 million of senior secured notes, including amendments and extensions to same
  • United States. $40 million of convertible notes, including conversion agreements
  • Texas. $40 million asset-backed revolving line of credit
  • Utah. $30 million senior secured note
  • Texas. $150 million senior secured note
  • United States. Conversion of $150 million of short term and long term debt to equity
  • United States. Conversion of $50 million of debt to overriding royalty interests
  • United States. Represented energy technology service provider in strategic investment involving ongoing operational support from multinational strategic investor
  • Texas. Joint venture between technology innovator and public company pursuant to which the public company earned equity and the exclusive rights to use the technology through continued funding of its development
  • United States. Various contribution agreements pursuant to which our clients contributed assets and a counterparty contributed cash to fund the enterprise