hard · Private Equity pe-core
A growth equity investor holds convertible preferred shares with a conversion price of $5.00. The company's capitalization consists of $10.0M fully-diluted shares. The company raises a down round of $6.0M at $3.00 per share.
If the investor has broad-based weighted average anti-dilution protection, what is the new conversion price?
- $3.00
- $4.67
- $4.17
- $4.41
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