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RatioConversionMechanism

Conversion Mechanism - Ratio#

https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_mechanisms/RatioConversionMechanism.schema.json

Sets forth inputs and conversion mechanism of a ratio conversion (primarily used to describe conversion from one stock class (e.g. Preferred) into another (e.g. Common)

Data Type: OCF TYPE

Properties:

Property Type Description Required
type Constant: RATIO_CONVERSION Scalar Constant REQUIRED
conversion_price schema/types/Monetary What is the effective conversion price per share of this stock class? REQUIRED
ratio schema/types/Ratio One share of this stock class converts into this many target stock class shares REQUIRED
rounding_type Enum - Rounding Type

Description: Enumeration of rounding types

ONE OF:
• CEILING
• FLOOR
• NORMAL
How should fractional shares be rounded? REQUIRED

Source Code: schema/types/conversion_mechanisms/RatioConversionMechanism

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