Case Studies

Halo Innovations

For nearly 20 years, products from Halo Innovations have set a new standard for infant safety and comfort. Best known for its market-leading SleepSack® wearable blanket, designed to meet recommended standards to reduce the risk of Sudden Infant Death Syndrome, Halo designs products that give parents peace of mind. Gray Plant Mooty and members of its Entrepreneurial Services group have been involved every step of the way, from formation through several rounds of financing, all the way to solidifying its relationships with vendors, investors, customers, and advisors.

Recently, some existing investors sought liquidity from their investment at the same time that Halo was preparing to launch an exciting new product, the HALO® Bassinest™ Swivel Sleeper. Halo knew it could depend on its legal advisors at Gray Plant Mooty to help navigate the various interests involved without creating unreasonable risk to the company. With assistance from members of the Entrepreneurial Services group, Halo was able to create the desired liquidity by securing significant new financing, including senior and subordinated debt, along with a new class of equity investment.

With the completed recapitalization, the redemption of existing investors and launch of the Bassinest™ moved forward as planned. Just like the millions of parents who have made the company’s products bestsellers, Halo can rest easier knowing its needs are being looked after by members of Gray Plant Mooty’s Entrepreneurial Services group.

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