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Convertible Debt Terms - Survey of Market Trends - 2019/2020

The convertible debt market has remained remarkably stable over the last 15 months, despite considerable economic uncertainty related to the COVID-19 pandemic. Fenwick’s latest Convertible Debt Terms – Survey of Market Trends...more

CFIUS: Common FAQs by Startup Founders and Investors

We receive many questions from founders, investors and others about CFIUS, the Committee on Foreign Investment in the United States. This is not surprising given the amount of recent media and news coverage around foreign...more

Liquidation Preference Overhang, Shadow Preferred Stock De-Mystified

In the past few years promissory notes and SAFEs have become an increasingly popular way to fund early-stage companies. Fenwick completes hundreds of these types of financings for its clients each year and we recently...more

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