SAFEConversionMechanism

Conversion Mechanism - SAFE#

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Sets forth inputs and conversion mechanism of a SAFE (mirrors the flavors and inputs of the Y Combinator SAFE)

Data Type: OCF TYPE

Properties:

Property	Type	Description	Required
type	Constant: `SAFE_CONVERSION`	Scalar Constant	`REQUIRED`
conversion_discount	schema/types/Percentage	What is the percentage discount available upon conversion, if applicable? (decimal representation - e.g. 0.125 for 12.5%)	-
conversion_valuation_cap	schema/types/Monetary	What is the valuation cap (if applicable)?	-
exit_multiple	schema/types/Ratio	For cash proceeds calculation during a liquidity event.	-
conversion_mfn	`BOOLEAN`	Is this an MFN flavored SAFE?	`REQUIRED`
conversion_timing	`Enum - Conversion Timing Type` Description: Enumeration of convertible conversion timing for calculation purposes (e.g. does the instrument convert based on pre or post money). ONE OF: • PRE_MONEY • POST_MONEY	Should the conversion amount be based on pre or post money capitalization	-
capitalization_definition	`STRING`	How is company capitalization defined for purposes of conversion? If possible, include the legal language from the instrument.	-
capitalization_definition_rules	schema/types/CapitalizationDefinitionRules	The rules for which types of securities would be included in the capitalization definition.	-

Source Code: schema/types/conversion_mechanisms/SAFEConversionMechanism