medium · Private Equity pe-core
TechGrowth issues Series B preferred shares at $5.00/share. An existing Series A investor holds 1M shares originally purchased at $10.00/share, protected by a 'Full Ratchet' anti-dilution provision.
After the Series B round, how many shares will the Series A investor hold via their conversion right?
- 2M shares
- 500K shares
- 1M shares
- 1.5M shares
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