Category: White Paper

Strategic Modeling Alternatives for a Clinical Stage Pharmaceutical Company

Background A pharmaceutical company, in the midst of a Phase III clinical trial, was considering a variety of strategic and financing alternatives as it prepared …

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Cryptocurrency and Token Distributions – A Teknos Perspective

Over the past several years, Teknos has valued hundreds of types of cryptocurrencies and tokens (utility, security, stable, etc.) for a variety of purposes.  Over …

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Esports Team Contemplating Management Buyout

Background While growth in Esports has been rapid over recent years, this growth can often result in the need for adjustments to overarching strategic initiatives …

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Athletic Apparel Company Looks to Expand into Esports and Gaming with NewCo Initiative

Background As a result of the rapid growth of the Esports and gaming industries, a number of companies are looking to leverage their experiences in …

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Fiduciary Risks for Venture Directors in Financings and Sales

Two decisions by the Delaware Court of Chancery highlight the risks of certain types of financing and sale transactions at companies where venture capital investors …

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Valuation for Corporate Spin-Offs

Companies use spin-offs for a lot of reasons:  to enhance shareholder value, to move a new technology into a better environment for development, or to …

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How Changes in Regulation Have Driven Stock Option Prices

If you are an executive or a director of a private company, then you probably have heard about IRC 409A.[1]  And you probably also know …

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Acquirer Challenges Early IRC 409A Report

A venture backed company received an attractive acquisition offer from a well known Silicon Valley acquirer.  But partway through the due diligence review the acquirer …

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Complex Securities Demand Sophisticated Valuation Techniques

A venture backed company had several series of redeemable preferred stock in its capitalization, plus some warrants exercisable into those series of preferred.  The company’s …

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