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SharePoint / Thornfield Capital /
Contracts
Share Purchase Agreement.pdf
Disclosure Letter.docx
Due Diligence
Financial Model.xlsx
Board Resolution.pdf
Correspondence (312 threads)
IP License Schedule.pdf
Generate a chronology for the Thornfield Capital bundle
Scanning 25,847 documents
I've built a chronology from 847 documents. 142 key events identified across contracts, correspondence, and board minutes.
Thornfield Capital Acquisition
142 events
18 Jun 24Completion meeting heldCompletion Minutes
3 Jun 24Revised offer (£45.2M post-DD adjustment)Revised Offer
15 May 24Disclosure letter received contradictionDisclosure Letter
28 Apr 24SPA first draft circulatedSPA v1.0
2 Apr 24Board resolution approving sale processBoard Minutes
18 Mar 24Due diligence commencedDD Checklist
3 Mar 24Exclusivity agreement signedExclusivity Letter
14 Feb 24Indicative offer submitted (£48M)Offer Letter
28 Jan 24NDA executed between partiesNDA Agreement
12 Jan 24Initial approach from Thornfield CapitalCorrespondence
What are the contradictions in the disclosure letter?
The disclosure letter (15 May) states that no material litigation is pending against the target. However, email correspondence from 22 April between external counsel references an ongoing employment tribunal claim (est. liability £340k). Additionally, the disclosed IP schedule omits two registered patents found in the IP License with Meridian.
Sources: Disclosure Letter s.4.2, Email 22/04/24 (Ref: TC-0847), IP License Schedule 3
Sources: Disclosure Letter s.4.2, Email 22/04/24 (Ref: TC-0847), IP License Schedule 3
History
ChatChronology for Thornfield Capital bundle2 hours ago
TableContract Review (142 docs)3 hours ago
ChronologyThornfield Capital Bundle3 hours ago
WorkflowDaily BriefingYesterday
ChatIndemnity caps across vendor agreementsYesterday
Contract Review: Thornfield Capital 142 documents
| Document | Governing Law | Term | Liability Cap | Termination | Status |
|---|---|---|---|---|---|
| Facility Agreement (Barclays) | English law | 5 years | £2.4M | 30 days | Standard |
| Vendor Agreement (Apex Ltd) | English law | Rolling | Uncapped | 90 days | Flagged |
| IP License (Meridian) | Delaware | 3 years | $500k | Auto on CoC | Flagged |
| Services Agreement (NorthStar) | English law | 2 years | £1.2M | 60 days | Review |
| Subcontractor (PrimeBuild) | Scots law | 18 months | Missing | 30 days | Flagged |
142 documents scanned | 8 flagged | 14 review | 120 standard
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Daily Briefing: Thornfield Capital
3 meetings today
10:00 Board call (completion agenda)
14:00 DD review with external counsel
16:30 SPA negotiation session
2 documents need attention
Disclosure letter (contradiction flagged)
Vendor Agreement (uncapped liability)