2025-0104
Kestrel Analytics, Inc. — Series A financing
OpenCorporate·Kestrel Analytics, Inc.·Opened Jun 19, 2026
Background
Company-side representation on a $6.5M Series A. Amended and restated certificate of incorporation, stock purchase agreement, investors rights agreement, right of first refusal and co-sale, and voting agreement.
File note
Investor counsel is pushing a full-ratchet anti-dilution provision. Founders instructed to hold at broad-based weighted average. Revised turn expected this week.
Key dates
2 recorded| Date | Event | Type | Due |
|---|---|---|---|
| Nov 13, 2026 | Target closing | Completion | in 9 days |
| Nov 28, 2026 | Form D filing with the SEC Fifteen days after first sale. | Filing deadline | in 3 weeks |
Tasks
2 open · 0 completed| Task | Assigned | Due | Priority | Status | |
|---|---|---|---|---|---|
Review revised Series A turn from Kestrel Mahoney | MC | in 7 days | Medium | Not started | |
File Form D with the SEC | TB | in 3 weeks | High | Not started |
Time recorded
6.3 hrs total · 5.2 hrs billable · $2,470.00| Date | Timekeeper | Narrative | Activity | Units | Value | Billed |
|---|---|---|---|---|---|---|
| Oct 29, 2026 | MC | Analyzing representation and warranty limitations | Deposition | 3 · 0.3 hrs | $142.50 | WIP |
| Oct 21, 2026 | MC | Reviewing disclosure schedules | Deposition | 2 · 0.2 hrs | $95.00 | WIP |
| Oct 21, 2026 | MC | Analyzing representation and warranty limitations | Court appearance | 6 · 0.6 hrs | $285.00 | WIP |
| Oct 20, 2026 | MC | Drafting stock purchase agreement | Telephone | 10 · 1.0 hr | $475.00 | WIP |
| Oct 01, 2026 | MC | Preparing board and stockholder consents | Telephone | 3 · 0.3 hrs | $142.50 | WIP |
| Sep 10, 2026 | MC | Reviewing investor counsel markup and preparing issues list | Deposition | 12 · 1.2 hrs | $570.00 | WIP |
| Sep 04, 2026 | MC | Analyzing representation and warranty limitations | Correspondence in | 1 · 0.1 hrs | — | Non-billable |
| Aug 31, 2026 | DR | Reviewing investor counsel markup and preparing issues list | Deposition | 8 · 0.8 hrs | — | Non-billable |
| Aug 24, 2026 | MC | Drafting stock purchase agreement | Conference | 1 · 0.1 hrs | $47.50 | WIP |
| Aug 03, 2026 | MC | Conference with client regarding anti-dilution protection | Deposition | 4 · 0.4 hrs | $190.00 | WIP |
| Jul 31, 2026 | MC | Reviewing investor counsel markup and preparing issues list | Telephone | 10 · 1.0 hr | $475.00 | WIP |
| Jul 21, 2026 | MC | Drafting stock purchase agreement | Research | 2 · 0.2 hrs | — | Non-billable |
| Jul 10, 2026 | MC | Drafting stock purchase agreement | Court appearance | 1 · 0.1 hrs | $47.50 | WIP |
Advanced costs
Money paid out on the client behalf, billed at cost| Date | Description | Paid out | Amount | Billed |
|---|---|---|---|---|
| Aug 01, 2026 | Delaware franchise and filing fees | Paid | $624.00 | Unbilled |
Documents
6 on file| Document | Type | Ver. | Filed by | Filed | Size | |
|---|---|---|---|---|---|---|
| Amended and restated certificate of incorporation.docx | Contract | v1 | MC | Oct 02, 2026 | 3.9 MB | Download |
| Board and stockholder consents.docx | Contract | v1 | MC | Sep 13, 2026 | 1.7 MB | Download |
| Series A stock purchase agreement (draft 4).docx | Contract | v3 | MC | Sep 08, 2026 | 95 KB | Download |
| Investor counsel markup — Kestrel Mahoney.docx | Correspondence in | v1 | MC | Jun 28, 2026 | 3.6 MB | Download |
| Engagement letter.pdf | Engagement letter | v1 | MC | Jun 20, 2026 | 213 KB | Download |
| Investor rights agreement (draft 3).docx | Contract | v2 | MC | Jun 20, 2026 | 1.7 MB | Download |
Bills
| Bill | Issued | Due | Fees | Disb. | Total | Outstanding | Status |
|---|---|---|---|---|---|---|---|
| INV-2025-0438 | Sep 05, 2026 | Oct 05, 2026 | $21,500.00 | $624.00 | $22,124.00 | — | Paid |