It constrains you to raising additional money at unfavorable terms whereas executing the cost reduction plan under complete control of current management would give you additional time to postpone the raise at possibly better terms (since your company isn't bleeding as much) and a possibly better fundraising enviroment given where the larger economy is at.
But that is difficult to execute if everyone that matters doesn't want to go down that path.
It constrains you to raising additional money at unfavorable terms whereas executing the cost reduction plan under complete control of current management would give you additional time to postpone the raise at possibly better terms (since your company isn't bleeding as much) and a possibly better fundraising enviroment given where the larger economy is at.
But that is difficult to execute if everyone that matters doesn't want to go down that path.
Good luck in any case.