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US 2023/0056462 A1Published application
Cascading initial public offerings or special purpose acquisitions companies for corporate capitalization
OwnerMarc R. DESCHENAUXinventor
Life of this patent
Estimating the term…
Abstract
A computerized system with hardware and specialized software components for developing, executing and administering sale of securities for raising capital by an incubator financing company wherein a portion of the proceeds of the sale of securities is used temporarily to fund a subsequent company.
Claims22
A system for providing a cascading funding platform, the system comprising:
- a first processor configured to determine a funding event, a second processor configured to determine an initial public offering;
- a distributed ledger;
- a cascading funding platform operationally connected to the first processor, the second processor and the distributed ledger, the cascading funding platform configured to
- receive, from the first processor, the funding event;
- generate, based on the funding event, a message related to an initial subscriber offering to fund a first company;
- send the message to one or more networked nodes associated with one or more subscribers of the platform;
- receive bids to purchase funding tokens via the one or more networked nodes from the one or more subscribers in response to the message;
- record bids for the funding tokens and respective allocated tokens determined by a central processor to the distributed ledger, wherein the distributed ledger is accessible by the one or more networked nodes;
- receive from the second processor a first initial public offering for the first company;
- generate, based on the first initial public offering event, a message related to the first initial public offering;
- send the message to one or more networked nodes associated with one or more owners of the funding tokens;
- wherein the message comprises informing the one or more owners that a pro rata share of the raised funds is payable after the first initial public offering, that a portion of the proceeds of the first initial public offering is to be held back to fund a subsequent initial public offering for a second company and that a pro rata share of the raised funds is payable after the subsequent initial public offering;
- generate a smart contract accessible to the one or more networked nodes, wherein the smart contract comprises
- a payout triggering event;
- and
- a plurality of predetermined electronic actions for generating a smart contract output when the payout triggering event is met, wherein the smart contract generates a payout to the one or more owners automatically when the payout event is triggered, and record execution of the smart contract to the distributed ledger.
13 more elements
A method for financing a first company and a second company comprising
- establishing an incubator financial firm configured to manage activities related to raising funds for the first company in a first initial public offering and raising funds for the second company in a subsequent initial public offering;
- defining an investor offering to raise funds from investors for the first and second companies against a pro rata share of the raised funds payable after the first initial public offering,
- holding back a portion of the proceeds of the first initial public offering to fund the subsequent initial public offering against a pro rata share of the raised funds payable after the subsequent initial public offering.
A distributed networked computer system for managing cascading funding of a first company and a second company, the distributed network computer system comprising:
- a non-transitory computer readable storage medium having program instructions embodied therewith;
- and
- one or more processors configured to execute the program instructions to cause the computing system to:
- receive, from a first networked node, a first bid for one or more shares of the first company from a first investor, wherein a portion of the revenue from sale of the first shares is used to fund activities related to funding the second company;
- determine, by a central processor, a fractional share of the first company and a fractional share of the second company to allocate to the first investor based on the first bid;
- allocate, by one or more processors, the fractional share of the first company and the second company to the first user;
- a distributed ledger for recording bids for the first company and respective allocated shares determined by the central processor, wherein the distributed ledger is accessible by the first networked node;
- and
- a smart contract accessible to the first networked node, wherein the smart contract comprises:
- a first and second revenue payout triggering event, wherein the first revenue payout triggering event is completion of an initial public offering for the first company and the second revenue payout triggering event is completion of a subsequent initial public offering for the second company;
- and
- a plurality of predetermined electronic actions for generating a smart contract output when the first and second revenue stream payout triggering event are met, wherein the smart contract generates a payout to the first investor automatically when the payout event is triggered;
- and
- wherein the execution of the smart contract is recorded to the distributed ledger.
11 more elements
Dependencies are inferred from the claim text.