The "Pre-Existing, Substantive Relationship"
The SEC recently issued guidance on what constitutes a "pre-existing, substantive relationship." The guidance is helpful for companies raising money for a number of reasons.
Legal Updates
Page 2
Stock Options: ISOs vs. NQOs
Q: Can a member of the board of directors receiving a stock option as compensation for board member service receive an incentive or statutory stock option (an "ISO")?
Is a Demo Day General Solicitation?
Update (September 2025): This post, originally published in August 2015, does not reflect Rule 148, effective March 15, 2021, which provides a safe harbor for demo day communications under specific...