An investor made a $2M seed investment with a convertible note into the company called Sinkhole. At the time of the seed investment there were no shares formally issued: the founders owned 100% of the company. The terms on the note included a 15% discount and a $10M valuation cap. For the sake of the questions below, assume there was no interest accrued on the note.

One year later the company received a term sheet with an offer for a Series A investment of $4M at a share price of $1 per share for one third of the company. The term sheet also specified the creation of a 15% option pool, expressed in post-money terms.

Complete the following cap table associated with this financing:

Investor	Share Count	Ownership %
Founders Common
Option Pool
Noteholder
Series A
TOTAL