Venture Deals · glossary
A person who owns or controls more than 25% of a regulated company. The test uses the register, not a fully diluted count. Meridian’s 30% of the register made it one at the Series A, so the Central Bank of Ireland checked its controllers. Chapter 10
Explained in Chapter 10, Warranties, Disclosure and Completion, of Venture Deals.
Solaris was registered with the Central Bank of Ireland as a virtual asset service provider, a crypto business on the regulator's list. Meridian's investment would make it a beneficial owner and controller of that business. The regime sets that line at more than 25% of the shares.Read Chapter 10, Warranties, Disclosure and Completion →
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