Still do it right the first time: Delaware’s new mulligan for botched issuances of securities
An essential part of the due diligence on an offering of securities through Section 4(a)(6) crowdfunding or Rule 506(c) is ensuring that any previous issuances of securities (such as offerings to friends and family) are not defective. For instance, if the securities were not authorized by the company’s certificate of incorporation, or properly approved by […]