A Stock Purchase Agreement (SPA) is a definitive agreement for the purchase and sale of equity securities, used both in financings (investors buying shares from the company) and in M&A (a buyer buying shares from existing holders or via a merger structure). In venture financings, the Stock Purchase Agreement sets the investment amount, price per share, closing conditions, and key representations, and the Stock Purchase Agreement is one of the core closing documents.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
