novelden Chapter 69 caused a sensation in the industry.
Chapter 69 caused a sensation in the industry.
According to the consensus reached by both parties, all seven investors are purely financial investors.
If a shareholder requests to review a company's projects in their capacity as a shareholder, the investor has the right to refuse if the project involves confidential company information.
Lin Chuan had written all of these into the agreement beforehand, leaving no loopholes for the investors to exploit.
The seven major investors also knew that they would be kicked out by Lin Chuan in the future, and that the shares they held would not have any real voting rights. They were just holding onto them for a few years, after which Lin Chuan would force them to buy them back, so they didn't worry too much.
In Lin Chuan's plan, the 21% equity held by the seven major investors was only for them to hold temporarily for a period of time.
Finally, the remaining 21% of the equity is to be strategically invested in by state-owned institutions. When the seven major investors exit, state-owned institutions will take over.
The specific process for this round of financing is to complete the financing through a private placement of new shares to seven investment institutions in the capital market after DeepBlue Technology completes its restructuring and listing.
DeepBlue Technology issued approximately 13.29 billion shares to seven major investors at a price of 9.00 yuan per share, for a total amount of 119.62 billion yuan, representing 21% of the company's total share capital.
Following this financing round, DeepBlue Technology's total share capital has increased to 63.29 billion shares, and the company's shareholding structure has changed once again.
Lin Chuan holds 36.51% of the shares, making him the largest shareholder, the actual controller, and the person with absolute control over the company.
Su Qingyue holds 12.63% of the shares, making her the second largest shareholder.
Shenhong Group holds 3.08% of the shares, making it the third largest shareholder.
The seven major investors collectively hold 21% of the shares, with each holding 3%, making them the fourth largest shareholders.
The founding team of 15 people holds a total of 10.53% of the shares, with each person holding 0.702%.
10.53% is reserved for equity incentive platform.
Other totals: 5.72%.
……
October 1th, afternoon.
Jiang Miaolan was in Lin Chuan's office, and the two were dealing with matters related to the Series A financing.
Lin Chuan took out several documents from the folder on his desk and gave them to her: "These past few days, I've handled the supporting work such as verifying the receiving account, tax filing, and business registration changes to avoid delays in the arrival of funds due to our own procedures."
After taking the materials and glancing at them, Jiang Miaolan nodded: "Hmm."
DeepBlue Technology raised an astonishing 119.62 billion yuan in this round of financing, which is considered an ultra-large-scale financing.
Financing of this scale is rare in the capital market.
This usually only occurs in situations involving industry leaders, policy-supported projects, or market valuation bubbles.
For typical sums of money, usually tens of millions, the funds can arrive within a few days.
DeepBlue Technology's latest round of financing is substantial, with some of the investors also involved in cross-border payments.
After completing the processes of fund allocation, compliance review, and disclosure of fund sources, the actual time for the funds to arrive may take 4 to 8 weeks or even longer.
The funds raised are expected to arrive in about a month, which is considered relatively fast.
Jiang Miaolan couldn't help but exclaim in amazement, "This is absolutely insane! They raised nearly 120 billion yuan, and the financing plan was extremely unfavorable to the investors, yet they all accepted it."
She felt it was all too dreamlike; back in Skyworth Technology, this was something she wouldn't have dared to even imagine.
Lin Chuan glanced at her and said with a smile, "To a certain extent, we've also benefited from the intangible advantages of the military."
Clearly, Lin Chuan was certain that these financial institutions had conducted numerous background checks on him in private and concluded that he had a very powerful backer.
Those financial institutions must have come after learning about the Zhou family's ordeal in Xin'an City.
We have learned from past mistakes.
Therefore, they dared not bare their fangs rashly.
On the other hand, it is also important that DeepBlue Technology has initially developed the ability to generate its own revenue and does not need to rely on the capital market for support.
Even if Henghui Group suddenly terminates the cooperation, which would affect DeepBlue Technology, it wouldn't be a matter of life or death.
First of all, the military would never allow Deep Blue Technology to go bankrupt, and secondly, there's still Senior Sister Su Qingyue there.
That's why Lin Chuan dared to propose those conditions.
If the investors don't approve, then we won't raise funds.
It's true that planning the company headquarters requires a large amount of capital, but it doesn't necessarily have to be done now. Delaying it for a few years is perfectly fine.
They dared not seize it by force, and normal negotiation could not force DeepBlue Technology into a desperate situation.
Then we have no choice but to cooperate honestly and obediently pay up.
……
The financing deal has been finalized, but DeepBlue Technology has not yet released any announcement.
However, the news spread quickly because several funding institutions had already issued announcements.
Each of the seven investment institutions contributed approximately 17 billion yuan. Such a large amount and such an important financing round could not have been conducted quietly. They also needed to explain to their limited partners (LPs) and send a signal to the market.
On Saturday, February 3, seven investment institutions issued announcements one after another.
The first company to issue an announcement was Matrix Partners.
Matrix Partners has completed its private placement financing agreement with DeepBlue Technology, raising approximately US$19 billion. Matrix Partners will invest approximately US$2.71 million, holding a 3% stake. DeepBlue Technology is an innovative company focused on environmental biotechnology, and its "plastic-eating bacteria" technology is among the world's leading technologies…
Following closely behind is Golden Capital.
[Golden Capital is optimistic about DeepBlue Technology's revolutionary technological breakthroughs in the field of plastic pollution control. This round of financing will help DeepBlue Technology accelerate the industrialization of its technology...]
The other five capital institutions also released announcements over the weekend.
The wording varies, but the core message is basically the same.
This round of financing totaled $19 billion, with each investor contributing approximately $2.71 million. DeepBlue Technology's post-investment valuation is approximately $90 billion.
The money DeepBlue Technology received was definitely in RMB, but these capital institutions used USD to describe the currency of the funds in their announcements.
This is because, at present, the US dollar is the world's most important reserve and settlement currency, and it represents the "common language" of the global financial system.
Therefore, the investment community generally uses the US dollar as a benchmark for measurement and transactions, which has become a common practice.
In the financial markets, the United States now firmly dominates the global financial discourse.
After the news spread, the investment and startup circles were in an uproar, and people from all walks of life could hardly believe that such a financing plan could actually be reached.
[Seven top-tier VC firms have joined forces; this is an incredibly impressive lineup.]
[DeepBlue Technology raised $19 billion? Valued at $90 billion? Am I reading this right?]
[This post-investment valuation is already 9 times the valuation of a unicorn company.]
[Giving such a high valuation to an environmental technology company? Are you crazy? Even Henghui Group, one of the leading companies, has a market capitalization of only around 300 billion.]
[To be honest, this lineup is truly impressive.]
[It's infuriating to watch. As a fellow entrepreneur, I'm running myself ragged trying to raise a few million, while DeepBlue Technology raised nearly 10 billion in its Series A funding round. Those VCs were practically begging for money. Damn it...]
[Whether it's true or not, there's a rumor that this round of financing was extremely disadvantageous to VCs, and that the founder of DeepBlue Technology received the funding with almost no constraints.]
[Is this for real? When did capital become so easy to talk to? I don't believe it, this is impossible!]
[I wouldn't know then. None of the major investors have disclosed the details of the agreement; it might just be a rumor.]
……