Question
An investor purchases 150,000 shares with anti-dilution rights for $500,000. In a subsequent financing round, a new investor invests $100,000 for 50,000 shares. Is the
An investor purchases 150,000 shares with anti-dilution rights for $500,000. In a subsequent financing round, a new investor invests $100,000 for 50,000 shares. Is the subsequent financing round a up-round or a down-round?
What is the weighted average price of the two rounds?
How many new shares must the first investor be given under the anti-dilution provision?
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
