
BDM Capital · Blog & News
The Financial Funding Blog
News and plain-English insight on raising capital, bonds, loan notes and IPOs, from BDM Capital. New articles every day.
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Pre-money, post-money and dilution in plain English
Read the article →: Pre-money, post-money and dilution in plain EnglishPre-money, post-money and dilution explained simply, with a worked example of how an option pool changes what founders own.
Latest news & articles

IPO readiness checklist: 8 things that have to be true before you list
An IPO readiness checklist for growing companies: audited accounts, governance, board, equity story, legal clean-up and advisers, and why the work starts a year…

Secured vs unsecured bonds: what the security actually protects
Secured and unsecured corporate bonds compared: fixed and floating charges, security trustees, loan-to-value, ranking and what investors recover if an issuer defaults.

What investors look for in a loan note
The seven questions experienced investors ask before buying a company loan note, from repayment route and security to ranking, covenants and reporting.

Taking a company public to clear debt
A listing changes the instrument, not the amount. What has to be true first, what it costs, and when it is the wrong answer.

Bonds or loan notes: which suits your raise?
Bonds are standardised, scalable and rigid. Loan notes are bespoke and flexible. The four questions that decide whether either is sound.

How long does it take to raise capital?
Three to six months from a standing start. Preparation, outreach, diligence and completion — and where the time is actually lost.

Getting your paperwork investor-ready before a raise
Investors will ask for documents early. Having them organised in one place speeds up due diligence and builds confidence.

Why we partner with SeedLegals
Structuring a raise is our job. The legal paperwork behind it is where SeedLegals comes in.

Lunor Pay receives SEIS and EIS advance assurance from HMRC
HMRC has given Lunor Pay advance assurance under SEIS and EIS for a proposed investment of £950,000 in ordinary shares.

SEIS and EIS: the differences that matter when you raise
SEIS and EIS give investors tax relief for backing early-stage companies. The conditions test the company, and breaking them can claw the relief back.

About the author
Mark Johnson, Founder of BDM Capital. Twenty years raising debt and equity, from loan notes and bonds to IPOs.
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Topics
- Bonds (9)
- Company news (2)
- Documentation and diligence (7)
- IPOs (6)
- Loan notes (8)
- Raising capital (18)
- SEIS and EIS (7)
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