Common Contracts
1 similar Simple Agreement for Future Equity (Safe) contracts
Sports Data Innovation S.L t/a OLIVER (company number:B67378307) (“Company”)Simple Agreement for Future Equity (Safe) • April 20th, 2024
KEY TERMSA Simple Agreement for Future Equity (SAFE) is an investment for equity in a company where shares will be issued at a future date. Usually, the shares will be issued when the company completes a larger round of investment. A convertible allows a company to raise equity finance without setting a valuation. Please see below a summary of the key terms of the SAFE. Share type(s) on offer Preferred Stock The SAFE will convert into the most senior share class in issue at the point of conversion in the case of an Equity Financing round.The company's most senior share class is currently Preferred Stock, which carries voting and preemption rights and a preference to receive the issue price back first alongside the other preference shares. Valuation Cap €7,000,000. Convertible loans may contain a Valuation Cap which could be the maximum pre-money valuation of the Company that will be used to calculate the share price if there is a Financing Round prior to the Longstop Date.According to
