G/YCombinator-SAFE-2020/Form/Base/v1-1.md

/Docs/G/YCombinator-SAFE-2020/Form/Base/v1-1.md &k=Def.Company_Capitalization.r00t
Source views: Source JSON(ish) on GitHub (VSCode) Doc views: Document Visual Print Technical: OpenParameters Xray Compare:/Base/

Show depth:

Simple Agreement for Future Equity - Base - UNOFFICIAL
“Company Capitalization” is calculated as of immediately prior to the Equity Financing and (without double-counting, in each case calculated on an as-converted to Common Stock basis):

Includes all {shares_of/of-Capital_Stock} issued and outstanding;
Includes all Converting Securities;
Includes all (i) issued and outstanding Options and (ii) Promised Options; and
Includes the Unissued Option Pool, except that any increase to the Unissued Option Pool in connection with the Equity Financing shall only be included to the extent that the number of Promised Options exceeds the Unissued Option Pool prior to such increase.