*Control: Under a (CEF) Committed Equity Facility, the issuer retains control over the amount and
the timing of each Option.
*Total Flexibility: Structure to match a company's unique financial needs (CEF) Committed Equity Facility can be executed in virtually all market conditions, the Company can set a minimum acceptable price.
*Access to capital without dilation Often company raise more capital than needed because they don’t want to come to the capital markets again. With the CEF the company can that a Just in time approach to issuing equity
*Less Dilution: A company can raise more capital for less shares over a period of price strength.
*No Overhang: Shares are issued as the company determines, no uncertainty regarding dilution.
*Firm Commitment: Eliminates financing uncertainty so management can focus on its business.
*Lower Cost: Significantly lower cost funding mechanism than other traditional financing alternatives.
*Speed: The speed at which capital can be accessed is significantly faster then traditional financings
*Less Implementation Risk: Significantly reduces time to market compared with other forms of financing.
*Timing: Once the Agreement has been registered with the SEC, the company is in a position to sell equity to the investor.
*No Short Selling: Buyer and its affiliates shall covenant not to cause or engage in, in any manner whatsoever, any direct or indirect short selling or hedging of the securities of a partner company.
* Net Long: Buyer will represent them on each secondary that after the purchase they will maintain some equity stake.
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