What information does CaseMark need to draft a Private Placement Memorandum?
CaseMark requires your articles of incorporation, current capitalization table, financial statements, and management biographies as core documents. Optional documents like your business plan, material contracts, and IP documentation help create more comprehensive disclosures. The AI extracts key information about your company structure, business operations, financial condition, and offering terms to generate a complete PPM with all required sections.
Is the PPM generated by CaseMark compliant with SEC regulations and Regulation D?
Yes, CaseMark generates PPMs that include all disclosure requirements for Regulation D offerings under Rule 506(b) and 506(c), including required legends, risk factors, accredited investor qualifications, and anti-fraud disclosures. The AI incorporates current securities law requirements and standard market practices. However, as with any AI-generated legal document, attorney review is recommended to ensure the PPM addresses your specific circumstances and complies with applicable state blue sky laws.
How does CaseMark handle the risk factors section of a PPM?
CaseMark analyzes your business documents, financial condition, industry, and offering structure to generate comprehensive, specific risk factors organized by category (financial risks, business risks, market risks, securities-specific risks). The AI identifies material risks based on your company's actual circumstances rather than generic boilerplate, ensuring disclosures are tailored to your situation. Risk factors include appropriate detail and explanation of potential consequences to satisfy disclosure obligations.
Can CaseMark calculate the pro forma capitalization table for my offering?
Yes, CaseMark automatically calculates pre-offering and post-offering capitalization tables showing the impact of your securities issuance on ownership percentages. The AI processes your current cap table, outstanding options and warrants, convertible securities, and the new offering terms to generate accurate pro forma calculations on both an outstanding and fully-diluted basis. The capitalization section includes clear presentation of how the offering affects existing stockholders and new investors.
How long does it take to generate a complete Private Placement Memorandum with CaseMark?
CaseMark generates a comprehensive, first-draft PPM in 15-20 minutes after you upload your documents. This includes all standard sections from cover page through financial statements, typically producing a 40-80 page document depending on your company's complexity. This represents a 95% time reduction compared to the 20-30 hours typically required for manual PPM drafting, allowing you to focus attorney time on review, customization, and client-specific refinements rather than initial drafting.
What offering structures and security types can CaseMark handle in a PPM?
CaseMark can draft PPMs for common private offering structures including preferred stock (participating and non-participating), convertible notes, SAFEs, common stock, and LLC membership interests. The AI handles complex terms like liquidation preferences, anti-dilution provisions, conversion mechanics, dividend rights, and protective provisions. You can specify your offering terms, and CaseMark will generate appropriate descriptions of the securities rights and economic terms throughout the PPM.