The workstream that examines a target's <em>technology, architecture, and engineering</em> — whether the product can scale and what it will cost to maintain.
The agreed normal level of working capital a target must deliver at close — the <em>benchmark</em> that the closing adjustment is measured against.
Permissioned repository of diligence materials. <em>Every figure in an IC memo</em> ultimately points back to a document here.
The workstream that reads a target's <em>contracts, records, litigation, and compliance</em> to find legal risks that affect price, structure, or terms.
Current operating assets minus current operating liabilities — the cash a business ties up to run, and a key driver of the <em>closing price adjustment</em>.
The access-controlled online repository where a seller shares diligence documents with buyers — the platform a transaction is <em>underwritten and closed</em> on.