Financial Statements as part of NDA?

searcher profile

June 04, 2022

by a searcher from College of William and Mary - Raymond A. Mason School of Business in Alexandria, VA, USA

I am early in the search process, and some brokers are requesting my financial statements as proof of "reasonable ability to perform before release" of documents as part of the NDA. Is this common in your experience? I am inclined to strike areas of NDA I am concerned with and curious about how others handle them.

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commentor profile
Reply by an intermediary
from Florida State University in Tampa, FL, USA
I see it more commonly asked for with B&M brokers. We don't ask for them. It's repelling, as you know, and a great tool to lose about 80% of your buyers.
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Reply by an investor
from University of Michigan in Chicago, IL, USA
This isn't normal in my experience.
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