Exit Events

An exit event refers to any event whereby investors can realise a return on their investment, such as the sale of your company or an initial public offering. Odin is well-equipped to handle the admin surrounding exit events.

As soon as Odin is notified about a deal exiting

Odin will ask you what format the legals will be in. Our preference is to be sent a drag-along notice rather than signing any legals, but if legals need to be signed, we can do so with approval from Odin’s Legal team. As with investment agreements, all communication here needs to be with legal@joinodin.com.

Internally at Odin, the deal is moved from ‘Completed’ to ‘Exit in Progress’, which kicks off some extra back-end processes.

As soon as Odin receives the legals in relation to the exit

Our team will record the legals in the same shared folder that can be used to access investment agreements and share certificates.

Odin will then provide our bank details in the relevant currency to your company and your lawyers, and will regularly monitor for the inbound funds.

From this point onwards, Odin no longer requires anything from your company. We will proceed with the distribution to the syndicate's investors and pay out carried interest (if applicable) to the Syndicate Lead(s) according to this guide.