Andrew M. Ray

Sep 10, 2024 | lexology.com | Andrew M. Ray |Jeffrey Bodle |John L. Filippone |Brian P. Slough |Corey Mueller

A “down round” is when a company raises capital based on a valuation that is lower (often materially so) than the company’s valuation in one or more prior financing rounds. Depending on the severity of the situation, a “down round” also may be referred to as a “cram down” or “washout” financing when the financing would dilute or subordinate the payment priority of existing investors who do not participate.

Sep 10, 2024 | morganlewis.com | Andrew M. Ray |Jeffrey Bodle |John L. Filippone |Brian P. Slough |Corey Mueller

A “down round” is when a company raises capital based on a valuation that is lower (often materially so) than the company’s valuation in one or more prior financing rounds. Depending on the severity of the situation, a “down round” also may be referred to as a “cram down” or “washout” financing when the financing would dilute or subordinate the payment priority of existing investors who do not participate.

Dec 5, 2023 | morganlewis.com | Mark Stein |Andrew M. Ray |Cory E. Barry |John L. Filippone |Christine Lombardo |Robert Mailer

NEW YORK, December 5, 2023: Morgan Lewis has again been recognized as a leader in the fintech space with recent rankings in the Chambers FinTech 2024 guide. The firm has been recognized in the guide since the guide was first published in 2019. Morgan Lewis was ranked in the USA: FinTech Legal: Corporate, Securities & Financing and USA: FinTech Legal categories.