RC Law advised a Spanish group in its acquisition of a 10% interest in Acornseekers LLC, a Texas based pork meat producing company. Acornseekers had been initially financed with seed capital from several U.S. and Spanish investors. The client made a $2,000,000 equity contribution and it was granted rights and privileges commonly associated with a Round B financing, such as anti-dilution mechanisms, “tag/drag along” rights, preemptive rights, as well as profit distribution and liquidation priorities and MFN protections. The transaction was completed in April of 2017.
