Define: Dissolution Event

(i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company's creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

(i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company's creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

Relevant Circumstances

  • When a company is being wound up otherwise than via a liquidity event
  • If creditor assignment or voluntary winding up triggers SAFE conversion
  • Where investor preferences activate on dissolution

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