Activity Feed
The last 100 things that happened. This is the narrative of the transaction, not the audit log — the audit log records who changed which column, and lives separately.
Friday, September 11, 2026
NO MATERIAL CHANGE — Meridian Automotive Group
system · Meridian Automotive Group · Today
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Kestrel Dealer Systems
system · Kestrel Dealer Systems · Today
NO MATERIAL CHANGE
Thursday, September 10, 2026
NO MATERIAL CHANGE — Kestrel Dealer Systems
system · Kestrel Dealer Systems · Yesterday
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Vantage Retail Cloud
system · Vantage Retail Cloud · Yesterday
NO MATERIAL CHANGE
Wednesday, September 9, 2026
Deliver the cohort package to Lakeshore
The company CFO · Lakeshore Commerce · 2d ago
Diligence submitted — Lakeshore Commerce
The company CFO · Lakeshore Commerce · 2d ago
Cohort analysis by dealer size (single rooftop, 2–10, 11+) with NRR and logo retention.
Outbound email — Lakeshore Commerce
The company CFO · Lakeshore Commerce · 2d ago
Cohort package delivery
NO MATERIAL CHANGE — Ridgeline Dealer Marketing
system · Ridgeline Dealer Marketing · 2d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Orchard Valuation Group
system · Orchard Valuation Group · 2d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Ironwood Capital Group
system · Ironwood Capital Group · 2d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Harbour Inventory Systems
system · Harbour Inventory Systems · 2d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Cardinal Automotive Group
system · Cardinal Automotive Group · 2d ago
NO MATERIAL CHANGE
Channel-conflict analysis (Meridian) — channel-conflict-analysis-draft.xlsx
The company Founder · 2d ago
Solstice — platform deck — solstice-platform-deck-draft.pptx
The company CFO · 2d ago
Tuesday, September 8, 2026
NO MATERIAL CHANGE — Solstice Equity Partners
system · Solstice Equity Partners · 3d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Meridian Automotive Group
system · Meridian Automotive Group · 3d ago
NO MATERIAL CHANGE
Cohort analysis — cohort-analysis-v3.xlsx
The company CFO · 3d ago
By dealer size, for Lakeshore
Acquisition-cost model (Brightpath) — acquisition-cost-model.xlsx
The company CFO · 3d ago
Monday, September 7, 2026
Inbound phone — Vantage Retail Cloud
The company Founder · Vantage Retail Cloud · 4d ago
Marsh called to gauge reaction to the IOI
Outbound email — Meridian Automotive Group
M&A Advisor · Meridian Automotive Group · 4d ago
Post-presentation follow-up
NO MATERIAL CHANGE — Kestrel Dealer Systems
system · Kestrel Dealer Systems · 4d ago
NO MATERIAL CHANGE
Lakeshore — buyer-specific deck — lakeshore-synergy-deck-draft.pdf
The company Founder · 4d ago
Adds the cohort-by-size finding
Sunday, September 6, 2026
Approved: Meridian Automotive Group engagement → 60
The company Founder · Meridian Automotive Group · 5d ago
Management presentation held with both Lin and Adeyemi present.
Diligence submitted — Lakeshore Commerce
The company CFO · Lakeshore Commerce · 5d ago
Methodology note for NRR and churn calculations, reconciled to the financial statements.
Inbound phone — Solstice Equity Partners
The company Founder · Solstice Equity Partners · 5d ago
Strand called to schedule the management session
NO MATERIAL CHANGE — Solstice Equity Partners
system · Solstice Equity Partners · 5d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Meridian Automotive Group
system · Meridian Automotive Group · 5d ago
NO MATERIAL CHANGE
Reference list — reference-list-draft.pdf
The company Founder · 5d ago
Two references still to confirm
Kestrel posts three ML engineering roles for 'consumer vehicle acquisition'
system · Kestrel Dealer Systems · 5d ago
They are building. Either Bennett has decided against buying, or this is leverage.
Saturday, September 5, 2026
VERBAL INTEREST recorded — Meridian Automotive Group
The company Founder · Meridian Automotive Group · 6d ago
Lin signalled an IOI 'likely inside two weeks' at the management presentation. No number given, and none should be recorded until one is.
Meridian — management presentation (Atlanta)
The company Founder · Meridian Automotive Group · 6d ago
Lin: 'likely inside two weeks' on an IOI. Adeyemi wants the channel-conflict analysis in writing. Halverson corp dev asked about our process timetable — told them the LOI round is next month.
Meridian Automotive Group → Management Presentation
The company Founder · Meridian Automotive Group · 6d ago
Management presentation held in Atlanta
NO MATERIAL CHANGE — Kestrel Dealer Systems
system · Kestrel Dealer Systems · 6d ago
NO MATERIAL CHANGE
Product roadmap — roadmap-fy27-draft.pdf
The company CEO · 6d ago
Awaiting board sign-off
Friday, September 4, 2026
Update the Cardinal case study with the four-rooftop expansion
The company Founder · Cardinal Automotive Group · 7d ago
NO MATERIAL CHANGE — Solstice Equity Partners
system · Solstice Equity Partners · 7d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Meridian Automotive Group
system · Meridian Automotive Group · 7d ago
NO MATERIAL CHANGE
Enterprise case studies — Cardinal and two others — enterprise-case-studies-draft2.pdf
The company Founder · 7d ago
Cardinal case awaiting their sign-off for external use
Vantage appoints a Chief AI Officer reporting to the CEO
system · Vantage Retail Cloud · 7d ago
A new executive with a build mandate could slow a buy decision — or accelerate one if they want a quick win.
Thursday, September 3, 2026
Approved: Vantage Retail Cloud transaction probability → 65
The company Founder · Vantage Retail Cloud · 8d ago
A written IOI with an internal deadline (user conference) raises probability; the exclusivity ask signals urgency on their side.
Approved: Vantage Retail Cloud engagement → 80
The company Founder · Vantage Retail Cloud · 8d ago
IOI received.
Outbound video call — Cardinal Automotive Group
The company Founder · Cardinal Automotive Group · 8d ago
Quarterly business review
NO MATERIAL CHANGE — Kestrel Dealer Systems
system · Kestrel Dealer Systems · 8d ago
NO MATERIAL CHANGE
Partnership agreements — partnership-agreements-draft.pdf
Legal Counsel · 8d ago
Two partner consents still being confirmed
Wednesday, September 2, 2026
IOI recorded — Vantage Retail Cloud
The company Founder · Vantage Retail Cloud · 9d ago
Lower cash, exclusivity ask declined. Stock valued at their closing price on the letter date; no collar.
Countersign Solstice Fund IV NDA request acknowledgement
Legal Counsel · Solstice Equity Partners · 9d ago
Approved: Solstice Equity Partners engagement → 40
The company Founder · Solstice Equity Partners · 9d ago
NDA requested after fund close.
Vantage Retail Cloud → Ioi Received
The company Founder · Vantage Retail Cloud · 9d ago
IOI received at $26.0M enterprise value
NO MATERIAL CHANGE — Solstice Equity Partners
system · Solstice Equity Partners · 9d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Meridian Automotive Group
system · Meridian Automotive Group · 9d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Kestrel Dealer Systems
system · Kestrel Dealer Systems · 9d ago
NO MATERIAL CHANGE
Employee roster — employee-roster-aug.xlsx
The company CFO · 9d ago
Remediation log — remediation-log.xlsx
Internal Team · 9d ago
Adoption reporting — adoption-reporting-aug.pdf
The company CEO · 9d ago
AR aging — ar-aging-aug.xlsx
The company CFO · 9d ago
Monthly financial statements (24 months) — monthly-statements-24m-aug.xlsx
The company CFO · 9d ago
August close added
Tuesday, September 1, 2026
Arcadia — IOI walkthrough with Okafor and Ferris
The company Founder · Arcadia Auctions · 10d ago
Okafor walked the letter: $27.5M EV, $22M cash at close, $5.5M earnout on FY27 ARR ≥ $8.5M measured on Arcadia's definition, $1.5M escrow for 18 months. Board meets in five weeks; they want an LOI signed before it. Ferris confirmed the earnout is 'negotiable in hurdle, not in structure'.
Outbound phone — Ridgeline Dealer Marketing
The company Founder · Ridgeline Dealer Marketing · 10d ago
Partnership call
Inbound email — Solstice Equity Partners
Legal Counsel · Solstice Equity Partners · 10d ago
NDA request
Solstice Equity Partners → Nda Requested
The company Founder · Solstice Equity Partners · 10d ago
Strand asked for the NDA after Fund IV closed
NO MATERIAL CHANGE — Ridgeline Dealer Marketing
system · Ridgeline Dealer Marketing · 10d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Orchard Valuation Group
system · Orchard Valuation Group · 10d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Ironwood Capital Group
system · Ironwood Capital Group · 10d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Harbour Inventory Systems
system · Harbour Inventory Systems · 10d ago
NO MATERIAL CHANGE
NO MATERIAL CHANGE — Cardinal Automotive Group
system · Cardinal Automotive Group · 10d ago
NO MATERIAL CHANGE
Process documentation — process-documentation-draft.pdf
Internal Team · 10d ago
Monday, August 31, 2026
Approved: Brightpath Auto engagement → 45
The company Founder · Brightpath Auto · 11d ago
Executive meeting held.
Diligence closed — Kestrel Dealer Systems
Internal Team · Kestrel Dealer Systems · 11d ago
Integration architecture document.
Inbound email — Kestrel Dealer Systems
Internal Team · Kestrel Dealer Systems · 11d ago
Tran requested the integration architecture document
Cardinal Automotive opens four used-only rooftops
system · Cardinal Automotive Group · 11d ago
Our largest customer is expanding on the back of the product — and is the reference call for two strategics.
Sunday, August 30, 2026
Brightpath — Vaughn and Ferreira (Tempe)
The company Founder · Brightpath Auto · 12d ago
Vaughn thinks in acquisition-cost-per-unit terms. Interested, but as an operating lever. Asked for a model of what sourcing 40,000 units a year through us would cost against their auction fees.
Approved: Arcadia Auctions transaction probability → 70
The company Founder · Arcadia Auctions · 12d ago
A written indication with a named board date is the strongest signal short of an LOI.