Convertible Note Seed Financings: Founders Beware!
Scott Edward Walker
MAY 15, 2012
In other words, in the event of the startup’s “acquisition” (which is often broadly defined to include a merger, change of control or sale of substantially all its assets), the maturity date of the note would be accelerated, and the amount of the loan, plus interest, would become due at the closing of the acquisition.
64 
Let's personalize your content