Asana raises $350M in private placement to CEO Dustin Moskovitz at $18.16/share

Asana, Inc.

Sold 19.3M Class A shares to President/CEO/Chair Moskovitz for $350M gross proceeds.
Purchase price of $18.16 based on Sept 2 closing price; proceeds for working capital and corporate purposes.
Moskovitz granted irrevocable proxy to Company to vote shares reflecting minority stockholder results.
Governance restrictions: Moskovitz cannot transfer control or acquire 90%+ without independent special committee and minority vote.
Special committee of independent directors negotiated and approved the private placement.

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