Institutional equity
Preferred stock or a post-money SAFE. Not active at this stage.
- Instrument
- A post-money SAFE, or preferred stock in a priced round, on the standard forms.
- Status
- Closed. The company is founder-backed, with zero outside equity, options or debt issued to date.
- Availability
- Not open for subscription. An institutional round is staged to milestones and opened by invitation; none is open.
- Governance and dilution
- A position on the cap table, dilutive to common. Not offered at this stage.
- Recourse
- As equity: a claim on the corporation in the order of liquidation preference.
- Aggregate ceiling
- None. Equity takes the residual after every senior claim, including the synthetic tranche’s capped share.
- Redemption option
- None. Equity is not redeemable at the company’s election.
- The portal unlocks
- The capitalization record and the monthly memo, for readers granted access by invitation.