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how do i create a cap table with this information. i am a little confused on what thr answer would be Fats Al Group, Inc.
how do i create a cap table with this information. i am a little confused on what thr answer would be
Fats Al Group, Inc. ("FATS") was incorporated in 2017 with the Entrepreneurs issuing themselves 2,500,000 of common shares. In 2019, FATS issued SAFE Contracts and raised $800,000. The SAFE Contracts had a Floor of $5 million, a Ceiling of $15 million, and would "convert" into a Series A Financing of at least $8 million in new capital at a 30% discount to the Series A price. In 2020 FATS completed a Series A round of financing of $10 million by issuing a Participating Preferred Shares with a 1 Liquidation Preference, a Full-Ratchet Anti-Dilution Provision and a 7% Cumulative Dividend Rate; at a Pre-Money Vatuation of $25 miltion. What is the Capital Structure of NEW AGE assuming that it has a Series B Term Sheet from a new VC with $20 million of new capital in Participating Preferred Shares with a 1 Liquidation Preference, a FullRatchet Anti-Dilution Provision and a 5\% Cumulative Dividend Rate: at a Pre-Money Value of $40 milition? 5. On the Capitalization Table, how many Series A shares are issued to the Series A Investors? 6. On the Capitalization Table, how many Series A shares are issued to the SAFE Investors? 7. On the Capitalization Table, how many Series B shares are issued to the Series B Investors Step by Step Solution
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