Why repealing the shareholder wage lien law makes sense
Suppose youre a venture capitalist in San Francisco or Boston, and youre on the verge of investing big bucks in a promising high-tech firm in Wisconsin. Everything looks right: The management team is in place, the business plan is tight, and the technology is novel.
But then a lawyer steps i...
VIA Pharmaceuticals Secures Financing Up to $10.0 Million
...nitial $2.0 million borrowing are at the discretion of the Lender. The Company's obligations under the Loan Agreement are secured by a first priority lien
on all of the Company's assets. All outstanding principal and accrued interest are due on September 14, 2009, subject to certain repayment accelerati...
Golub Capital Provides Debt Financing to Support the Acquisition of DNA Diagnostics Center, Inc. by MTS Health Investors, LLC
About Golub Capital
Golub Capital underwrites and syndicates 1st lien
loans up to $150
million. Our buy-and-hold products range from $5 million t...n financings (through the Firm's proprietary GOLD facility),
senior, second lien
and subordinated debt, preferred stock and
co-investment equity. With a bro...
Favrille Announces Resolution of Debt Obligations and Plans for Maximizing Assets
...imbursed the Lenders an additional $47,000 of
transaction costs. The Lenders have been paid in full and, therefore, have
agreed to release the general lien
on the Company's assets.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080404/LAF521LOGO )
Following the recent announcement that the Phase 3 regi...
Genta Secures Up to $40 Million Convertible Financing Facility to Fund Key Programs
...0 consecutive trading days. Certain members
of senior management of Genta Incorporated participated in this offering.
The Notes are secured by a first lien
on all assets of Genta. The Notes
include certain events of default, including a requirement that the Company
obtain stockholder approval within a spe...
Chem Rx Corporation Reports Full Year 2007 Financial Results
...th its bank group relating to the First and Second lien
Debt, due to
financial covenant violations pertain...ment to the credit agreement relating to the First lien
included an increase to the margin ranges for... an
amendment fee of .25% to the outstanding First lien
amendment to the credit agreemen...
Modigene Announces Closing of $12 Million Financing by Members of The Frost Group
have a five-year term and a $0.99 exercise price. Although the line of
credit is secured, the intellectual property of the company is not part of
or security provided to The Frost Group under the line of credit.
"The attractive terms of this financing further demonstrate the strong
Lexicon Pharmaceuticals Reports 2007 Third Quarter Financial Results
...e director of the Singapore Institute for Clinical Sciences within the Singapore Agency for Science, Technology, and Research (A*STAR) and the lien
Chow Professor of Medicine at the National University of Singapore. Dr. Swain also maintains an appointment as an adjunct professor of medici...
Lexicon Appoints Judith Swain, M.D. to Board of Directors
...xecutive director of the Singapore
Institute for Clinical Sciences within the Singapore Agency for Science,
Technology, and Research (A*STAR), and the lien
Ying Chow Professor of
Medicine at the National University of Singapore. Before going to
Singapore, she was the dean for translational medicine at the...
Wisconsin seeks to develop $10 million angel investment fund
...for more than 100,000 financial service providers in Wisconsin. She also administers the state corporate filing activity, the Uniform Commercial Code lien
filing activity and serves as administrator of the Wisconsin Consumer Act.
Her agency received quite a bit of attention earlier this year, as it ...
Suggestions offered to foster high-growth business investment
...of Financial Institutions rules - an increase which would acknowledge the increased cost of starting a new business;
Repealing the shareholder age lien
statute, which Grosenheider and Hildebrandt said puts investors in "double jeopardy" by imposing unfair liability risks upon them. ...
State's investment in early-stage businesses is changing perceptions
...ny laws, Act 255 isn't perfect. Still to come are changes in state securities laws that would remove penalties on investors, such as the onerous "wage lien
law" that make investors liable for lost wages on companies that fail. As Madison banker Terry Grosenheider told committee chairman Ted Kanavas, the h...
Visions: Broderick says Wisconsin should be in top third in venture capital
...WTN : On the other hand, the Legislature did repeal of the shareholder wage lien
law last year, perhaps helping Wisconsin shed its image among investors as ... fly-over state. I think what the Legislature did on the shareholder wage lien
law was a good decision. That was something we pointed out in 2000, when Ma...