This is surprising. I would expect the investors to renegotiate to get the deal done or the acquirer to pay the CEO and employees via signing/retention bonuses and salary.
A $100 million dollar pie can be split in a way to make people happy if they are reasonable. The cap table and liquidation preference is a starting point to negotiation.
A $100 million dollar pie can be split in a way to make people happy if they are reasonable. The cap table and liquidation preference is a starting point to negotiation.