SRS ACQUIOM Advisory Committee Post Closing Instructions
- August 20, 2024
- SRS ACQUIOM
Table of Contents
SRS ACQUIOM Advisory Committee Post Closing
Specifications
- Product Name: Advisory Committee Post-Closing Guide
- Manufacturer: SRS Acquiom
- Features: Transaction document collection, onboarding process, welcome call scheduling, email communication
Product Usage Instructions
- O – 3 Weeks After Closing
- Have you been paid?
- Please let us know of any difficulties receiving your closing payment.
- Transaction Documents
- We are collecting transaction documents and onboarding your deal into our system.
- Welcome Call
- A welcome call will be scheduled with the Advisory Committee.
- 4 to 6 Weeks After Closing
- Onboarding Complete
- Our onboarding process is completed.
- Email To All Securityholders
- We email all securityholders with information about the services we provide, and the monthly report that includes a summary of escrow balances, escrow news, release dates, and more.
- During the Escrow Period
- How Do We Work with the Advisory Committee?
- We alert the Advisory Committee when we receive notice of an issue that requires attention. There are no formal or scheduled meetings or communications.
- How Can I Track My Escrow Balance and Any Developments?
- You will receive a monthly report via email that displays escrow balances and includes short news briefs of any developments (the first statement usually arrives at the beginning of the second month after closing).
- What Happens if a Claim is Submitted?
- The claim will be delivered to SRS Acquiom and assigned to & reviewed by one of our in-house Claim Directors. Their professional bios may be found here.
- The Claim Director will convene the Advisory Committee to discuss next steps.
- The Claim Director will handle the discussions and negotiations with the Buyer (unless the Advisory Committee wants to take a different approach) and coordinate the preparation of any documentation (sometimes this requires the use of outside counsel).
- At the End of the Escrow Period
- Escrow (and Expense Fund) Distribution
- We email the Advisory Committee about 30 days before the scheduled escrow expiration–no action is required, just an FYI.
- The day after the escrow expires, we:
- Email all security holders after the escrow period has ended.
- Begin work with the buyer, escrow agent, and paying agent to coordinate the distribution of funds.
- The balance of the Expense Fund (if established) is usually distributed together with the final escrow distribution, though we will typically retain some/all of the expense fund if there are pending claims or known future activities (e.g., earnouts).
- Once funds have been released, we email all security holders their payment details.
MORE INFO
- For general client service and support, please email: support@srsacquiom.com or call 415.263.9018
- For written confirmation of your escrow balances, please email: auditconfirmation@srsacquiom.com
- Read our insights: https://www.srsacquiom.com/our-insights/.
FAQs
- For more information and frequently asked questions, visit our FAQs page: FAQs.
CONTACT INFORMATION
- Andrew Noble
- Senior Director,
- Institutional Client Relations
- 415.373.4022
- anoble@srsacquiom.com
- Bio: https://www.srsacquiom.com/about-us/team/andrew-noble/.
References
Read User Manual Online (PDF format)
Read User Manual Online (PDF format) >>