Post-close events
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S/EIS Filings - Instructions The Enterprise Investment Scheme and Seed Enterprise Investment Scheme are UK government schemes which incentivise investment into UK companies via tax relief on both the initial investment and capital gains related to the...
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Post-close legals Currently, all post-close legals, including shareholder resolutions where signatures are needed, must be signed for by Odin. Please also note that the signature of any documentation related to exits (disposal of the capita...
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Follow-on deals If you’ve previously structured an investment in a company through Odin, and that company then launches a new round of financing you’d like to participate in through Odin, we’d class this as a follow-on deal. Follow-on dea...
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Secondary Transfer of SPV Interest (SecSIs) If one or a number of investors inside an SPV wish to sell their shares to another investor who will also sit inside the SPV, or else transfer the shares to another legal entity that they also control, this is what is know...
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Conversion events What is a conversion event? A conversion event refers to the conversion of any convertible instrument (SAFE, ASA, convertible loan or similar) from a previous investment into shares in the issuing company. Conversion event...
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Exits and wind downs An exit refers to any event whereby investors realise a return on their investment - positive or negative - such as the sale of the investee company, an initial public offering or a wind down of the business. Odin is well-...
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Portfolio Company reporting (to investors) The best syndicates provide short regular updates on their portfolio companies to the investors that participated in a particular SPV. Typically this is handled quarterly. The primary purpose of these updates is to inform ...
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Tax (Reporting & relief) Disclaimer: This is not tax advice. Please seek independent tax advice. The tax-related information provided here and anywhere else on Odin’s website is for informational purposes only and should not be considered as tax a...