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The conversion price of the debt will be set at a discount (say 15%) to the equity price in the next equity raise. If the

The conversion price of the debt will be set at a discount (say 15%) to the equity price in the next equity raise.

If the company does an equity raise at $10 per share in the future, then the conversion price would be?

Also, what would the price be in the case that a valuation cap is set at $10 a share?

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