We cover both standard and non-standard terms for each of the various rights and liquidation preferences, and how they can affect stockholder payouts.

Learn what a SPAC is, how the deal process works, and how a special purpose acquisition company merger differs from a traditional IPO.

Employees usually have 90 days to buy their options when they leave a job. Learn about the 90-day post-termination exercise period window and why it's changing.

Pari-passu is a type of investor preference where all preferred shareholders in a company have equal distribution rights during a liquidation event.

An IPO is when a private company trades shares on a public stock exchange for the first time. Learn more about the IPO process & alternative exit options.

Q3 saw a decline in secondary liquidity across sectors. Our Q3 liquidity report includes analysis of trends in seller participation, transaction volume by stage and sector, and more.