Should I pursue a deal that's under someone else's non-exclusive LOI?

searcher profile

July 09, 2025

by a searcher from University of Maryland at College Park in Denver, CO, USA

I’m currently evaluating what would be my first acquisition — a SaaS deal that recently came back into play. The broker shared that it’s under a non-exclusive LOI, but the seller is open to a clean cash offer with no hard deadline. The business checks many of the right boxes: strong cash flow, clean operations, and clear product-market fit. That said, I also have a few other deals in my pipeline and want to make the most strategic move for my long-term vision. I'm curious how others would think about this situation: - Would you continue pursuing a deal under a non-exclusive LOI if the seller is still receptive? - Or would you shift attention to fresher opportunities if you’re early in your search? If the consensus leans toward pursuing it, I’d consider making a Deal Post here on Searchfunder to explore raising capital or bringing on a partner. Appreciate any insight from those who’ve been in similar shoes. Thanks in advance!
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commentor profile
Reply by an intermediary
from Queens University of Charlotte in Charlotte, NC, USA
I'd say avoid it. Tell them to contact you if for some reason the other deal does not materialize. My guess is that they call you in a week. my email is redacted
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Reply by an intermediary
from Rochester Institute of Technology in Toronto, ON, Canada
You could pursue it, but you should expect that it will be used against the existing LOI.
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