Company XYZ has 10 million shares of common stock outstanding. It issued 3 million shares of Preferred Stock at a price of $6.00 per share in its latest round of financing (Series A). The recently issued 3 million shares of Preferred Stock are protected with a weighted-average anti-dilution provision. Now the firm issues 6 million shares of Series B Preferred stock at a price of $3 per share.

a) What will be the ownership structure of the firm after the conclusion of the Series B round (on a fully-diluted as-converted basis)?

b) Who factually pays for Series As anti-dilution provision?