Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. assume a venture has 3,500,000 common shares outst

Assume a venture has 3,500,000 common shares outstanding. One year later a Series A investor...

80.2K

Verified Solution

Question

Finance

Assume a venture has 3,500,000 common shares outstanding. One year later a Series A investor invests $1,300,000 in the venture with a post-money valuation of $9,500,000. Another year later a Series B investor invests $5,800,000 at $0.47 per share. Assuming Series A investor has a Weighted Average Anti-Dilution provision. What amount of additional shares are issued to Series A investor in Series B round? 1,686,501 O 1,808,758 O 2,363,636 O 2,211,079

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students