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^ Sept 2020 Perceptive / $ZY "growth financing" was actually $100M credit facility
By YE20, $ZY was unable to comply w debt covenant, but got waiver
If $ZY defaults, Perceptive gets "SUBSTANTIALLY ALL assets, including IP"
So $ZY has an immediate interest in... See more
Partnerships
Ted Glasnow • 1 card
Idk
May • 1 card
New_ Public
Sam Liebeskind • 1 card
Scaling Back Office
sari and • 41 cards
RAGs
Ajeesh Garg • 1 card
Investments
Lorenzo • 1 card
Typically, firms only provide venture debt for companies that have balance sheet debt under 20 percent of operating expenses. Since future incomes must be used in order to pay down the debt, seeing venture debt on a balance sheet can be considered risky to prospective investors.10