Exact(3)
The one after that might have liquidation on the agenda.
You also need to understand the specific assets you are pledging as security for your loan — because creditors holding liens on specific assets have liquidation preference over other creditors.
VCs have liquidation preferences that insure they make their money back, the founding team is getting its payout, but should rank-and-file employees be worried as valuations reach new nosebleed levels?
Similar(57)
For the firm to recommend that its customers sell would have forced liquidation of funds that owned mostly illiquid assets, making things that much worse.
Once the great bastion of Scottish and British football, Rangers are broken, have suffered liquidation and are now limping back from the grave, a phoenix club trying to reclaim its former heights.
In the end, there's one major effect that Nakamoto's return could have: the liquidation, if they so desired, of more than 1m bitcoins, the largest single hoard in the currency's existence.
Convertible notes often have multiple liquidation preferences.
Capital efficiency matters, but entry level valuations do not since investors will have a liquidation preference.
Openspace, like others in exit-starved Southeast Asia, is yet to have a liquidation event despite making promising progress.
What I've done in the past is convert the notes into their own classes that only have 1x liquidation preferences.
They likely have a liquidation preference that lets them get their $15 million out of the company before others can take part of the pie.
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