As public markets retreat from historic highs, down-round financings unfortunately become more common. Although such financings can be unavoidable, they can also raise a number of questions relating to structuring concerns, impacts on existing investors and employees, and fiduciary duty considerations for the board and others. This webinar will provide a discussion of these issues, both for those who have been through down-round financings in the past and those who have not. In particular, we will address the following topics:

• Fundraising in the Current Environment: What We Are Seeing
• Structuring a Down-Round
• Fiduciary Duty Considerations, Litigation Risks, and Process Considerations
• Historical Perspectives from Prior Down-Round Environments