SPV Dictionary

The highest-ranking executive in a company, responsible for developing and executing high-level strategies, making major corporate decisions, overseeing overall operations and resources, and serving as

A document filed with state authorities, typically the Secretary of State or Division of Corporations, to establish a limited liability company (LLC) or limited partnership

The senior executive responsible for overseeing and managing the financial activities of a company, including financial planning, risk management, record-keeping, and financial reporting.

A legal document that establishes the formation of a corporation. Issued by a federal or state government, the charter converts a business entity, such as

A Central Index Key (CIK) is the unique identifier assigned by the SEC to an entity— including SPVs— when a Form ID is approved in

To finalize an SPV, meaning the organizer uses the funds received from investors to purchase an asset. Upon completing the purchase, the SPV executes a

The date on which a closing event occurs, triggered by the earliest of the following, as defined by the Federal Securities and Exchange Commission: (1)

The process of new investors and/or additional capital investing in the same portfolio company or asset through the same legal entity during the same round

The price at which a convertible note or SAFE converts into equity. It is typically the lower of either (1) the price paid per share

A short-term debt instrument that converts into equity at a later date, typically used by early-stage companies to raise capital without immediately issuing ownership equity.