CCD agreement termination or modification

Nishant Kyal (1 Points)

26 June 2023  


I raised funds for my startup as CCD last year. I now have decided to not proceed with the idea and have partial funds remaining which I would like to return to my investors.

I have been suggested two options:

1. Conversion to CCPS at a much reduced valuation, buy back at nominal value and return funds by other means (professional fees etc)

2. Amend the CCD agreement to include a voluntary termination with partial funds refund clause.

What is the best way to go about this?