The deal.
Quorum acted as legal counsel to Healant BV in connection with its capital increase. The transaction involved a significant corporate reorganisation: the establishment of a foundation, the implementation of an ESOP plan, the issuance of anti-dilution and indemnification warrants, the conversion of the existing shares into new share classes, and the issuance of 2,266 preferred shares carrying, among other rights, a 1x non-participating liquidation preference and broad-based weighted average anti-dilution protection.
The client.
Healant BV is a Belgian company dedicated to the innovative development and commercial exploitation of self-healing polymers. Its technology, built on fifteen years of research, is aimed at tire durability and sustainability.
Our added value.
Quorum provided full legal counsel to Healant and its founder, covering the negotiation and drafting of the equity term sheet, the investment agreement and the shareholders’ agreement, followed by guidance through signing and post-closing arrangements. The transaction was completed from engagement to signing in under three months, including the preparation and negotiation of all transaction documents and the coordination of the execution. As the legal point of contact for Healant, its founder and the notary, Quorum managed the transaction end-to-end within an exceptionally compressed timeframe, while maintaining the highest standards of legal quality and accuracy.
Quorum team Davy Gorselé (Managing Partner), Joke Stoffelen (Senior Associate), Mats Schoonvliet (Associate)
