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LSSi builds,
markets and supports advanced national and international directory
database solutions for directory assistance service providers and
corporate clients. LSSi is portfolio company of Warburg Pincus Venture
Partners and has raised substantial amounts of venture capital.
In order to
continue operations, the company required new financing from existing
investors. The company completed a down-round financing
and repurchased shares of founders and former employees. Management
stock options were cancelled.
Curtis Financial
was engaged by the company to reset the exercise price of stock
options issued to executive management and other key employees of
the company. Our analysis needed to withstand the scrutiny of the
companys Board and auditors.
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