UCC Financing Statement (often a “UCC-1”) is a public filing that perfects a secured party’s security interest in specified collateral under Article 9 of the UCC, establishing notice to third parties. In venture debt, filing a UCC Financing Statement is a standard closing step, and UCC Financing Statement searches are a key diligence item to confirm existing liens and lien priority.
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.
