The COVID-19 pandemic has caused an unprecedented economic downturn of companies in the US and globally, including companies sponsored by private funds. Consequently, with limited alternatives in the credit market, a down round equity financing may be the only alternative source of liquidity funding.
Proskauer partners James Lee (Private Equity Transactions) and Stephen Mears (Private Funds) will be joined by Jeffrey Wolters, partner at the Delaware law firm Morris, Nichols, Arsht & Tunnell LLP to discuss considerations fund sponsors and their portfolio companies need to think about in the context of Delaware law. Topics will include:
- Expected trends in down round financings in the next 12 months.
- Potential liabilities and procedures to mitigate them.
- Practical considerations for a new investor investing in a down round financing
Thursday, June 4
12:00 p.m. EST | 5:00 p.m. GMT
Who Should Attend
Sponsors of private equity, venture capital and hedge funds, and their advisors.
About the Series
The Bottom Line webinar series will address an array of business topics and offer legal analysis for asset managers, providing you bottom line considerations for your business. These interactive discussions will include presentations by the Proskauer team and a live Q&A with questions from attendees.