Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / anti-dilution-comparison-memo.docx
anti-dilution-comparison-memo.docx
Parties
Harkness LLP
Pinnacle Capital Management LLC
Pinnacle Venture Fund II LP
Associates LLP
Brindoval Capital Group LLC
Ridgeline Ventures Fund III LP
Growth Partners Fund II LP
Hargrove Securities LLC
Dates
August 4, 2022
March 31, 2022
July 22, 2022
Amounts
$60,000,000
$2.00
$2.50
$3.00
$47.3
$11.6
$320,000,000
$4.00
$260,000,000
$3.25
Obligations
When C exceeds B (which it will in any dilutive issuance, because more shares must be issued at a lower price to raise the same amount of capital), the ratio is less than one, and the conversion price is adjusted downward
Its economic and structural implications must be understood in the context of the other disputed terms in the Series D negotiation, several of which interact directly with the anti-dilution mechanism