CleverTechnology Angel Investor owns 4,000,000 shares (or 16% of shares) of Bluebox Software from a Series A round. The Board of Bluebox Software decides to raise additional $8,500,000 in a Series B round in exchange for 20% equity ownership of Bluebox Software. If CleverTechnology Angel Investors wants to maintain her 16% ownership, she will have to purchase ________ shares in the Series B round.

- A. 2,800,000 shares

- B. 1,000,000 shares

- C. 6,250,000 shares

Then, using the example above, suppose CleverTechnology Angel Investor has a Full Ratchet Anti-Dilution provision and she bought her 4,000,000 shares for $1.80 a share in Series A round, how many total shares does she own in Series B round after her Series A investment got repriced?

- A. 5,294,117 shares

- B. 950,000 shares

- C. 1,905,882 shares