The Challenge
Planning a fund raise to finance its next phase of growth, the company wanted every red flag found and fixed before potential investors began their own diligence.
What We Did
We ran a sell-side diligence exercise across the company's accounting and compliance practices, reviewing revenue recognition, inventory valuation and accounting for stock-based compensation, among other areas.
The Outcome
The company course-corrected the deficiencies we highlighted and walked into investor diligence with clean books instead of explanations.