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 company’s Board and auditors.