Deal scenarios – Odin

My Syndicate Lead has asked me to pay Odin’s fe... Odin’s pricing is hosted here, for your reference. In syndicated deals, Odin’s fees can be paid either by the Syndicate Lead, the Syndicate’s Investors, or by your company as the ‘Investee Company’. If your company is payi...
What happens if the deal falls through? If you are no longer able to hold the allocation for your Syndicate Lead or are halting the raise for another reason, Odin will allow the Syndicate Lead to cancel the deal without any extra charge to you or them. Odin will...
What if we require funds to be wired in an alte... By default, Odin only wires funds to your company in the same currency the Syndicate Lead has denominated the deal in. If the deal is denominated in USD and investors have transferred in USD, Odin would, by default, send f...
What happens if Odin becomes insolvent? In the unlikely scenario that Odin is declared insolvent, there is a three-part plan. Aside from that, it’s important to note that there is no contagion of the assets an Odin Bare Trust or any other entity Odin administers...
What if the terms I'm raising under change? Deal terms often change during the raising of a round. This can be minor, such as changing the share price to include an extra decimal point, all the way to raising an equity round instead of raising debt. It’s important t...
How does proxy voting work in practice? When your Syndicate Lead is drafting their deal on Odin, they’ll have the option to decide whether to proxy voting rights away from their investors and to another party (either themselves as the Syndicate Lead, the Founder...
What if I need Odin to sign a Term Sheet? Odin will only add its signature to binding legal documents. Term Sheets are almost always non-binding and as such Odin doesn’t sign them. If your company is requesting that the Syndicate signs up to a Term Sheet, either t...
I have multiple syndicates running deals into m... No - we won’t require you to re-complete Investee Company KYC, and will simply re-use the previous submission. The sole exception here is if the first deal we received wasn’t eligible for S/EIS, but the second one is. In t...
Can I facilitate a crypto deal via Odin? While Odin can facilitate deals for investee companies in the crypto space, Odin does not accept funds from investors in cryptocurrency or USDC, and cannot sign for token warrants.