Liquidity Memo
A verified valuation range document for tender offers, secondary sales, and board-level decisions. Defensible, traceable, and built on open methodology.
Acme Corp Liquidity Valuation Memo
Contents
What's in a Liquidity Memo
Each memo follows the Lodestar Protocol structure for consistency and defensibility.
Valuation Range
Bull, base, and bear scenarios with methodology-backed confidence intervals.
Comparable Analysis
Relevant transaction comps and trading multiples with source grading.
Inputs Hash
Cryptographic hash of all inputs for future verification and audit.
Confidence Grade
Explicit statement of analytical confidence and known limitations.
Methodology
Three-lens valuation analysis
Transaction Comparables
M&A and secondary transactions with similar business models, scale, and market conditions.
Trading Multiples
Public company benchmarks adjusted for private company risk and liquidity factors.
Scenario Modeling
Bull, base, and bear cases with explicit assumptions and sensitivity analysis.
Deliverables
Complete documentation package
- Executive summary (1 page)
- Full valuation analysis (8-12 pages)
- Comparable transactions appendix
- Sensitivity analysis tables
- Methodology citation block
- Inputs hash for verification
Typical turnaround: 10-15 business days from data room completion.
Use Cases
When to use a Liquidity Memo
Tender Offers
Provide board-level documentation for employee tender pricing decisions.
Secondary Sales
Support fair pricing negotiations with verified valuation analysis.
Board Decisions
Independent valuation perspective for strategic decisions.
Need a defensible valuation?
Request a Liquidity Memo for your next tender, secondary, or board decision.