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Autonomous legaltransactions start here.

Describe a transaction or upload a term sheet and Walton will execute it.

Transactions that run themselves.

Walton converts your term sheet into a structured execution graph and manages every step of the transaction through closing.

Term sheets become execution graphs.

Every task, dependency, party, and milestone is captured and tracked from signing to close.

Execution Graph

  • Company Due Diligence Review

    Conduct legal and corporate due diligence to support reps, warranties, and disclosure schedules

    Responsible:
    Sterling
    • Verify cap table

      Reconcile cap table against stock ledger, option grants, convertible notes, and SAFEs to confirm fully-diluted share count and option pool availability

      Responsible:
      Sterling
      Tools:
      Cap Table
      Data Room
    • Audit IP assignments

      Confirm all employee and contractor IP assignment agreements are executed and that key company IP is properly owned or licensed

      Responsible:
      Sterling
      Tools:
      Doc Review
      Data Room
      Diligence Tracker
    • Review material contracts

      Identify contracts with change-of-control or anti-assignment provisions triggered by the financing and flag any third-party consents required

      Responsible:
      Sterling
      Tools:
      Doc Review
      Data Room
      Diligence Tracker
  • Draft Restated Certificate of Incorporation

    Prepare the Amended and Restated Certificate of Incorporation to authorize Series B Preferred Stock

    Dependencies:
    Verify cap table
    Responsible:
    Sterling
    • Define Series B rights and preferences

      Draft dividend rights, liquidation preference waterfall, conversion mechanics, and anti-dilution provisions (broad-based weighted average)

      Responsible:
      Sterling
      Tools:
      Drafter
    • Update authorized share counts

      Calculate and set new authorized Common and Preferred share counts, including the expanded option pool (10% post-money)

      Responsible:
      Sterling
      Tools:
      Drafter
    • Reconcile with existing Series A terms

      Ensure Series B provisions are consistent with existing Series A Preferred Stock rights and cross-reference protective provisions

      Responsible:
      Sterling
      Tools:
      Doc Review
      Data Room
  • Prepare and Negotiate Stock Purchase Agreement

    Draft the Series B Preferred Stock Purchase Agreement with schedules of purchasers and disclosure schedules

    Dependencies:
    Draft Restated Certificate of Incorporation
    Responsible:
    RidgeField
    • Draft reps and warranties

      Prepare company representations covering capitalization, IP ownership, material contracts, litigation, and tax compliance

      Responsible:
      RidgeField
      Tools:
      Drafter
      Diligence Tracker
    • Compile disclosure schedules

      Gather and organize exceptions to reps and warranties across all scheduled items including material contracts and IP assignments

      Responsible:
      Sterling
      Tools:
      Drafter
      Diligence Tracker
    • Define closing conditions

      Specify conditions precedent including legal opinions, management rights letter, board observer rights, and ROFR/co-sale agreements

      Responsible:
      RidgeField
      Tools:
      Drafter
  • Prepare and Negotiate Remaining Primary Transaction Documents

    Prepare and negotiate the Investors' Rights Agreement, Voting Agreement, and Right of First Refusal and Co-Sale Agreement as primary financing documents alongside the Stock Purchase Agreement

    Dependencies:
    Prepare and Negotiate Stock Purchase Agreement
    Responsible:
    RidgeField
    • Amend and Restate Investors' Rights Agreement

      Amend and restate registration rights, information rights, pro rata rights, and most favored nation provisions for Major Investors

      Responsible:
      RidgeField
      Tools:
      Drafter
    • Amend and Restate Voting Agreement

      Amend and restate the Voting Agreement to reflect new board composition (2 Common, 2 Preferred, 1 Independent) and drag-along provisions

      Responsible:
      RidgeField
      Tools:
      Drafter
    • Amend and Restate ROFR & Co-Sale Agreement

      Amend and restate transfer restrictions, right of first refusal mechanics, and co-sale rights for founder shares with customary carve-outs

      Responsible:
      RidgeField
      Tools:
      Drafter
  • Prepare Ancillary Closing Documents

    Prepare ancillary closing documents required as conditions to closing, including officers' certificates and legal opinions

    Dependencies:
    Prepare and Negotiate Remaining Primary Transaction Documents
    Define closing conditions
    Responsible:
    Sterling
    • Prepare officers' certificates

      Draft officers' certificates to bring down representations, certify organizational matters, and confirm closing deliverables

      Responsible:
      Sterling
      Tools:
      Drafter
    • Coordinate legal opinions

      Prepare and finalize required legal opinions covering due organization, authorization, enforceability, and valid issuance of the Series B Preferred Stock

      Responsible:
      Sterling
      Tools:
      Drafter
  • Closing Mechanics & Board Approvals

    Coordinate board and stockholder consents, wire instructions, and remaining closing logistics

    Dependencies:
    Prepare Ancillary Closing Documents
    Define closing conditions
    Responsible:
    Sterling
    • Prepare board and stockholder consents

      Draft written consents for board approval of the financing, charter amendment, option pool increase, and stockholder approval of the restated certificate

      Responsible:
      Sterling
      Tools:
      Drafter
    • Obtain good standing certificates

      Obtain good standing certificates required for closing from the applicable jurisdictions

      Responsible:
      Sterling
      Tools:
      Filing
    • Circulate updated cap table

      Circulate the updated cap table reflecting the Series B issuance and post-closing ownership

      Responsible:
      Sterling
    • File restated charter with Delaware SOS

      Submit the Amended and Restated Certificate of Incorporation to the Delaware Secretary of State and confirm acceptance

      Responsible:
      Sterling
      Tools:
      Filing
Meridian_Series_B_Term_Sheet.pdfPDF document
Generate the execution graph for the Meridian Series B term sheet.
I've mapped the Series B financing into an execution graph with 5 primary workstreams, from diligence through closing. Each node includes the key deliverables, responsible parties, and dependencies for this transaction. Let me know if you want to add a condition, split a step, or adjust sequencing.

Key terms are mapped onto a living interface.

Deal terms are extracted and maintained as structured variables you can update as the transaction evolves, propagating across the execution graph.

Terms Map

5/7 confirmed
  • Pre-Money Valuation
    $25,000,000confirmed

    Agreed upon in the executed term sheet dated Jan 15, 2026. Valuation derived from comparable Series A rounds and adjusted for current traction metrics, ARR growth, and market conditions.

  • Liquidation Preference
    1x Non-Participatingconfirmed

    Senior to all Series Seed preferred stock. Upon a liquidation event, Series A holders receive 1x their original investment before any distribution to common stockholders. Non-participating means investors do not double-dip.

  • Anti-Dilution
    Broad-Based Weighted Avg.confirmed

    Per NVCA model charter provisions, Section 4(d). Conversion price adjusts using a broad-based weighted average formula in the event of a down round, factoring in all outstanding shares on a fully-diluted basis.

  • Board Composition
    2 Common / 1 Preferredin-review

    Current proposal: two seats elected by common stockholders, one seat designated by lead Series A investor. Investor has additionally requested a non-voting board observer seat, pending founder approval.

  • Protective Provisions
    NVCA Standardconfirmed

    Standard NVCA protective provisions requiring Series A preferred approval for: changes to charter or bylaws, authorization of new senior/pari-passu equity, increases to option pool, and any liquidation or merger events.

  • Pro Rata Rights
    Major Investors Onlyin-review

    Right to participate in future financing rounds to maintain ownership percentage. Limited to Major Investors holding ≥ 1% of outstanding shares on a fully-diluted basis. Threshold and transferability terms under review.

  • Drag-Along
    Majority Preferred + Commonconfirmed

    Requires approval of a majority of each of the preferred and common classes, voting separately. Once triggered, all stockholders are obligated to vote in favor of the approved acquisition on the same terms and conditions.

Add Term

Generate the full set of deal documents.

Drafts are generated from your transaction terms, templates, and data room materials, then updated automatically as transaction state changes.

Stock Purchase Agreement

Ready
NVCA Template·12 variables applied

Investors’ Rights Agreement

Ready
NVCA Template·9 variables applied

Voting Agreement

Generating
NVCA Template·6 variables applied

Right of First Refusal Agreement

Queued
NVCA Template·8 variables applied

Certificate of Incorporation

Ready
Custom Template·14 variables applied

This is full-stack deal execution.

Walton handles every surface of the transaction.

Data Room

Ingest documents for full transaction context.

Upload corporate records, cap tables, prior-round documents, and financials. The system validates assumptions, derives variables, and surfaces exceptions that update the execution graph.

Signature Tracking

Track every signature to close.

Signature packets are generated from finalized documents, sent for execution, and tracked in real time. Executed documents are linked back to the relevant nodes in the execution graph.

Economic Modeling

Model the economics of the deal in real time.

Cap table impacts, liquidation waterfalls, and dilution analyses are computed directly from transaction variables and updated as terms change throughout the deal.

Government Filings

Generate and track required filings.

State filings, blue sky notices, and regulatory submissions are identified from the execution graph, prepared from transaction data, and tracked through to confirmation.

How it works

Walton converts legal transactions into machine-readable workflows and executes them from signing to close.

@graphdata room@inputdeal terms@inputexternal signals@inputmodels@outputsignatures@outputdocs@outputfilings@outputupdate state

Example transaction flow

Venture financing

01

Upload the term sheet

The system extracts key deal terms and presents them for confirmation. Once confirmed, these become authoritative transaction variables.

02

Instantiate the execution graph

Based on confirmed variables, the system generates the execution graph with the required documents, approvals, dependencies, and closing conditions.

03

Upload data room materials

The system ingests company materials to validate assumptions, derive additional variables, surface exceptions, and update the execution graph.

04

Generate drafts

Drafts start from NVCA templates or prior-round deal documents and are populated using the current transaction variables and the execution graph.

05

Process opposing counsel comments

The system classifies comments by impact on transaction variables or execution steps, and propagates changes through the execution graph.

06

Iterate until drafts are finalized

Steps 5 and 6 repeat as terms change and comments are resolved, until the transaction documents are finalized and ready for execution.

07

Track signatures

Signature packets are generated and sent for signature. Executed documents are tracked and linked to the relevant nodes in the execution graph.

08

File the Certificate of Incorporation

The amended and restated certificate of incorporation is generated from transaction variables and filed directly with the Secretary of State. Filing confirmation is tracked and linked to the execution graph.

09

Close the transaction

Checklist items are completed only when supported by evidence; once all required items are satisfied, the closing set is compiled automatically.

Questions & Answers

Experience better legal transactions.

Request early access and we'll follow up to discuss availability.