This is a revised proposal for GIP-120. The revision is about the purchase price and asks from GnosisDAO.

TLDR:

Investors, founders, the team, and advisors get above 30% less in GNO. Investors get the option to cash out at 40% discount. Founders get 1/3 upfront, 2/3 vested over 4 years. The total amount paid by GnosisDAO for the acquisition is between $7M and $8.95M depending on the options investors pick.

Reason for full acquisition of Headquarters

Gnosis can promote Gnosis HQ as a Safe interface for Business. Gnosis can establish a presence in Asia (relevant for Regulator- & Investor relations). Gnosis Pay can leverage Gnosis HQ for the Corporate Card offering. Having a Business Account use case and presence in Asia is vital for the fruition of Gnosis 3.0. Acquiring Headquarters will accelerate Gnosis’ progress in the payments field and allow it to have a strong global footprint.

The decision to fully acquire instead of partial acquisition or investment is intentional - because it is through a full acquisition of Headquarters and conversion of equity to tokens, that we ensure full alignment to accruing value to the GNO token. This avoids the risk of diluting interest across parties.

Edit on 2025-01-10: Investor vesting for GNO and SAFE was increased to 3 years total and cash discount was increased to 40%.

Please refer to GIP-20 on the Gnosis Forum for complete details of the proposal.