BRIDGES 1, LLC

 

A Trusted Source of Bridge Capital

 

 

 

Typical Terms on a Bridge Financing

 

Intro

 

Terms

 

Managers

 

Contacts

 

 

 

 

 

Investors (private)

 

 

 

Qualifications

 

 

 

Publicly traded on a U.S. exchange.

 

 

 

Engaged a brokerage firm to do a capital raise that is at least five times the amount of the bridge requirement.

 

 

 

Have a need for immediate financing, typically in a range of $500,000 to $3,000,000, while the larger raise is in process.

 

 

Terms

 

 

A convertible note that matures on the date of completion of the issuer's larger financing.

 

 

 

We purchase the convertible note at a discount to its maturity value.

 

 

 

Penalty clauses if the issuer's larger financing is delayed or cancelled.

 

 

 

In the event that the larger raise is inordinately delayed or is cancelled, the bridge holder has a right to convert the note into common shares at a deep discount.

 

 

 

A $20,000 fee is deducted from the bridge amount is for due diligence and document drafting.

 

 

Timeline

 

 

 

We usually complete our due diligence in a timely fashion and can often be in a position to fund within 10 working days.

 

 

 

 

 

 

 

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