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