Terms
- Announced
- 3 Aug 2020
- Instrument
- Equity
- Amount
- US$100mReported as US$100m convertible equity (of US$360m; the US$260m preferred is EQ-238)
- Source
- businesswire.com
Parties
- Project developer
- Indigo Ag
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Alaska Permanent Fund Investor US$25.0m Estimated: an even share, 1 of 4 Flagship Pioneering Investor US$25.0m Estimated: an even share, 1 of 4 Investment Corporation of Dubai Investor US$25.0m Estimated: an even share, 1 of 4 Baillie Gifford Investor US$25.0m Estimated: an even share, 1 of 4
Carbon
- Pathway
- Soil carbon / regenerative agriculture
Structure and cover
- Structure flag
- Convertible note
What happened
- US$100m convertible leg of the August 2020 US$360m financing, recorded in Debt as a convertible.
Kumo note
- A convertible: debt until it converts into Series F preferred equity. Alaska Permanent Fund and Flagship Pioneering among the investors. Interesting to note the recent performance and valuation fluctuations of Indigo Ag
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