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New Age Diagnostics, Inc. ( NEW AGE ) was incorporated in 2 0 1 8 with the Entrepreneurs issuing themselves 5 , 0 0
New Age Diagnostics, Inc. NEW AGE" was incorporated in with the Entrepreneurs issuing
themselves of common shares. In NEW AGE issued SAFE Contracts and raised
$ The SAFE Contracts had a Floor of $ million, a Ceiling of $ million, and would convert
into a Series A Financing of at least $ million in new capital at a discount to the Series A price.
In NEW AGE completed a Series A round of financing of $ million by issuing a
Convertible Preferred Shares with a x Liquidation Preference, a FullRatchet AntiDilution Provision and
a Cumulative Dividend Rate; at a PreMoney Valuation of $ million.
What is the Capital Structure of NEW AGE assuming that it has a Series B Term Sheet from a new VC with
$ million of new capital in Participating Preferred Shares with a x Liquidation Preference, a Full
Ratchet AntiDilution Provision and a Cumulative Dividend Rate; at a PreMoney Value of $
million?
What is the series A price?
What is the SAFE conversion price?
How many series A shares are issued to the SAFE investors?
How many series B shares are issued to the series B investors?
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