Exit — Dynamic Cards
Exit
The dissolution cascade or the M&A envelope. Cards here drive Form 966, final franchise tax, certificate of dissolution, BOI closure, and on the M&A side the LoI / due-diligence / definitive / closing sequence.
Acquisition — letter of intent
Letter of intent received from acquirer. Headline terms with exclusivity period and due-diligence countdown.
Helios Systems acquires Sundial
BOI closure — FinCEN filed
Beneficial Ownership Information closure filed with FinCEN. Final step of the dissolution cascade.
FinCEN BOI closed
Cap table — exit waterfall
Final exit waterfall across founders, employees, and preferred investors. Liquidation preferences applied.
Sundial → Helios
Certificate of Dissolution — issued
Delaware Certificate of Dissolution issued by the Secretary of State. Terminal artefact of the dissolution cascade.
Sundial Labs, Inc.
Compliance — final check
Last compliance sweep before the entity moves to a terminal dissolved state. Every obligation accounted for.
Ready to mark dissolved
- Final tax obligations settled
- Form 966 acknowledged by IRS
- Certificate of Dissolution on file
- BOI closure confirmed by FinCEN
- Registered agent representation ended
- Foreign qualifications withdrawn (CA, NY)
- Bank accounts closed
- Stakeholder payouts wired
Definitive agreement — summary
Definitive merger agreement signed. Headline economics + ancillary document stack at-a-glance.
Helios merger — fully signed
Dissolution cascade — live status
Live status of the full dissolution cascade — Form 966 → final tax → Certificate → BOI closure.
Sundial Labs — wind-down
- Form 966 filed with IRSApr 22
- Final DE franchise tax paidApr 30 · $2,840
- Certificate of Dissolution issuedMay 6 · 8902-DISS-2026
- BOI closure with FinCENPending
Dissolution readiness — pre-flight
Pre-flight readiness check before initiating the dissolution cascade. Lists structured blockers and ready items.
Sundial Labs, Inc.
- Cap-table reconciled12,300,000 FD
- Outstanding grants vested or cancelled
- Bank accounts closed
- Final franchise tax owed$2,840 due
- Board resolution authorising dissolution
Dissolution resolution — board + stockholder
Combined board + stockholder consent authorising dissolution. Dual signature roster with status.
Authorise wind-down
Final franchise tax — paid
Final Delaware franchise tax payment confirmed. Cleared the dissolution-readiness blocker.
Delaware — paid in full
Final tax summary — across jurisdictions
Roll-up of every final tax obligation across federal, state, and local — paid status and remaining balance.
Sundial Labs — all obligations
Form 966 — filed with IRS
IRS Form 966 (Corporate Dissolution or Liquidation) submitted. First step of the dissolution cascade complete.
Corporate Dissolution
Registered agent — resigned
Registered agent representation terminated at dissolution. Coverage end date and forwarding confirmation.
Representation ended
Stakeholder cash-out — proposed
Per-stakeholder payout summary at acquisition close. Shows base, escrow, and net wire amount.