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Exits

The data room you can defend years after close.

Sponsor sale, strategic sale, management buyout. The audit log is your evidence locker for the next seven years. R&W carriers, working capital adjustments, indemnity claims. Time stamped, IP addressed, retained per SEC 17a-4 and FINRA 4511.

SEC 17a-4 + FINRA 45117 year retentionR&W carrier ready
Room/Project Sunset

Exit summary

Day 78 of process · 4 active counterparties
Diligence
Documents
287
13 folders, 63 subfolders
Counterparties
4 groups
Strategic, Sponsor, Mgmt, Lender
Q&A items
84
62 answered · 22 open
Audit events
4,128
Past 30 days, exportable
Most recent activity
Live
M. Chen(Strategic Buyer A)downloadedCustomer Contracts.zip2m ago
J. Patel(Sponsor)viewedQ3-2025 Audited.pdf14m ago
S. Lopez(Management Team)searched"escrow"1h ago
Why exits run on LockRoom
Audit retention
7 years

Compliant with SEC 17a-4 and FINRA 4511. The window for working capital disputes, indemnity claims, and R&W coverage. Your evidence locker stays intact for all of it.

Carrier ready export
1 click

When the R&W carrier requests the diligence record, export the full audit log to PDF or CSV. No spreadsheet rebuild, no email archaeology.

Flat all in
$6,000 / yr

One annual number for unlimited rooms. Run the exit alongside other transactions on the same plan. Single deal also available at $375 per month.

Folder structure

Drop in the standard 13 folder M&A template.

Built around what bankers, buy side counsel, and R&W carriers actually request in diligence. 13 top level folders, 63 subfolders, mapped to standard reps and warranties categories.

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Rooms/Project Sunset · Exit Process
Documents
68 files across 4 folders
JW
TM
SL
#
Name
Files
Permissions

Different access for each counterparty.

Strategic buyers see the customer list. Sponsors see the financials. Management team sees the rollover schedule. Lender sees the debt service coverage. View Watermarked, Download Watermarked, View Original, Download Original. Per group, folder, and file.

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Counterparty
View
Download
Strategic Buyer
Sponsor
Management Team
Senior Lender
Why exits run on LockRoom

Built for the deal and the years after.

SEC 17a-4 + FINRA 4511 audit logs

Page level activity, IPs, search queries, print blocked events. Retained per regulatory standards. Survives reps and warranties.

7 year post close retention

Keep the room live or archived for the full reps and warranties tail. R&W carriers, post close lawsuits, and tax authorities all reference back to the diligence record.

Granular counterparty permissions

Strategic buyers, sponsors, management, lenders. Each group gets its own permission set. View Watermarked, Download Watermarked, View Original, Download Original.

Watermarked previews

Every PDF a buyer opens is dynamically watermarked with their email and IP. If diligence material leaks before close, you have evidence.

13 folder M&A template

Standard structure mapped to reps and warranties categories. Drop it in on day one and the room is ready for buy side counsel.

Full audit log export

Export to PDF or CSV at any point. Hand the file to your R&W carrier, your reps and warranties insurer, or post close counsel without rebuilding from scratch.

Audit log

The permanent record of the deal.

Every page view, every download, every search, every print blocked event. Time stamped, IP addressed, retained per SEC 17a-4 and FINRA 4511. Two years after close, when a buyer disputes a representation, the audit log is what closes the conversation.

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Project Sunset
Audit Log
Live
Today · May 10, 2026
YouRevoked
Buyer 3 → Project Ironwood
12:43
Marcus AbernathyPrint blocked
Federal Returns.pdf
12:42
Marcus AbernathyViewed
Federal Returns.pdf
12:39
YouGranted Access
Buyer 2 → Tax folder
12:34
Eleanor PrescottViewed
2025 P&L.xlsx
12:33
Eleanor PrescottDownloaded
NDA Final.pdf
12:30
612 events this week · retained per SEC 17a-4 and FINRA 4511
How exits run on LockRoom
“Two years after close, the buyer came back with a working capital adjustment dispute. We pulled the audit log, exported the buyer's diligence access, and the conversation ended in a week. Without that record we would have been negotiating from a worse position.”
CL
Outside Counsel
Sponsor backed manufacturing exit, $185M deal
FAQ

Frequently Asked Questions

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Run your exit on a flat rate.

14 day free trial. Full feature access. No credit card. Spin up your room and drop in the M&A template in under 5 minutes.

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