Introduction of the idea, team, current status quo. The company provides the investor a confidential business plan to secure initial interest.
Negotiation of terms with non-binding term sheets and signed term sheet. Definitive transaction documents are drafted while the provided business data and documents are revied in Due Dilligence (DD) process.
Legal papers that document the final transaction and execution of all transactions documents. Closing occurs when the investors provide the funding and the company provides stock certificates to the investors. Additional legal paper work is filed during post-closing.