Capital Raising

Practical advice and support for businesses seeking to raise capital as well as for investors. Key services include the following:

Angel, Series A and later funding rounds

Help to complete angel, Series A and later funding rounds, regulated capital raises and crowdfunded capital raises. We can help with a range of matters to help to prepare you for investment, including with terms sheets, intellectual property transfers, required board resolutions, subscription agreements and other commercial agreements.

Cygnus Law advises on complying with product disclosure statement (PDS) requirements and disclosure & compliance exemptions available for share (& debt) offers including those applying to sophisticated/accredited investors, wholesale investors & others. Cygnus Law can also assist with share (& debt) offers using the “small offers” exemption, which permits offers (subject to conditions) of up to NZ$2m in any 12 month period to up to 20 people.

Shareholder Agreements & Constitutions

Cygnus Law helps to support capital raises by assisting to prepare (and to review and negotiate) shareholder agreements, constitutions & related documents. Shareholder agreements can cover a range of matters including share transfer restrictions, rights to appoint directors, shareholder powers and when & how a shareholder can exit. Agreements can be adapted to reflect relevant factors, including the role of shareholders within the business, the nature of the business and any on-going funding requirements.

Convertible Loans

Cygnus Law can help with preparing and negotiating convertible loans. We can help you to understand their role and practical effect and their advantages and disadvantages.

Equity Crowdfunding

Cygnus Law has extensive experience in all areas of equity crowdfunding and can help you to understand your obligations, prepare required agreements and resolutions, and prepare effective and compliant disclosure documents. We will work with your team, the platform and your other advisers to achieve your objectives.