Introducing Series SAFE Preferred: A New Venture Financing Tool
Mintz has launched Series SAFE Preferred, a newly designed early-stage financing security that blends the efficiency of a SAFE with the structural clarity of preferred stock.
What it is:
Series SAFE Preferred offers the familiar simplicity of Y Combinator’s SAFE while issuing actual preferred stock under a filed charter. This provides investors with stockholder rights from the outset without changing the economic terms that make SAFEs attractive to founders.
Key advantages:
- Preserves hallmark SAFE economics and ease of use
- Provides investors with the rights and protections associated with preferred stock
- Offers greater certainty around eligibility for the IRC Section 1202 Qualified Small Business Stock (QSBS) capital gains exemption
Learn more:
For details or to explore whether Series SAFE Preferred is a fit for your next financing, visit www.seriessafe.com.
Authors
Thomas R. Burton, III
Member / Chair, Sustainable Energy & Infrastructure Practice
Tom Burton has helped to shape the clean energy industry by drawing on his passion for innovation. As a Mintz attorney, Tom counsels investors, entrepreneurs, and Fortune 100 companies. He also guides start-up organizations and accelerators to foster the next generation of energy leaders.
Sahir Surmeli
Member / Co-Chair, Sustainable Energy & Infrastructure Practice
Sahir Surmeli is a Mintz business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures, and strategic partnerships.
Samuel Asher Effron
Member / Co-chair, Venture Capital & Emerging Companies Practice
Samuel Asher Effron assists Mintz clients with venture capital and private equity transactions, helping start-ups with legal and business matters. He has clients in a variety of technology sectors, including video gaming, music, virtual and augmented reality, and consumer electronics.
Amit Singh
Member
Amit Singh is a Mintz Member and a go-to transactional lawyer leading venture capital, private equity, and technology transactions, mergers and acquisitions, and joint ventures. He has more than two decades of experience handling sophisticated business transactions and frequently serves as outside general counsel to life sciences and technology companies.