Charles Remsberg

Responsible for the strategic development of a late stage venture backed start-up. Report to the board of directors. • Developed, gained board approval, and implemented a significant company restructuring that right sized the business plan with our financial obligations. • Engaged company lenders alongside key board members that lead to a temporary restructuring of company debt to support current year business plan. Made key decisions, that when communicated to all parties, was a catalyst for getting to a mutually acceptable resolution and included closing a bridge financing. • Secured new bank financing in the form of a $4.5M term loan and a $3.5M Asset Back Lending facility from two new financial institutions. • Developed and implemented an aggressive plan to revise and refresh the company product line, including full digital enablement, within 90 days and within the current development budget and timelines. • Developed a strategy to expand our prospect pool worldwide by adding a new product at a significantly lower price point. • Raised $6M of equity capital by securing a new China based strategic investor. Current syndicate fully participated in financing.