This memorandum outlines the principal terms for the Series B round venture capital financing of Artspace Marketplace, Inc. The total investment is $7,000,000, with Canaan Partners contributing $5,800,000 and other investors contributing $1,200,000. The memorandum details the terms of the Series B Preferred Stock, including dividends, liquidation preference, redemption, conversion, voting rights, and conditions to closing. It also covers the terms of the Preferred Stock Purchase Agreement, Investor Rights Agreement, and other related agreements. The document is non-binding except for the 'Publicity' and 'No Shop' provisions.
documents/EFTA00602529.pdf
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