SharePriceBasedConversionMechanism
Conversion Mechanism - Share-Price-Based Conversion Mechanism#
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Sets forth inputs and conversion mechanism based on price per share of a future round (with potential discounts)
Data Type: OCF TYPE
Properties:
| Property | Type | Description | Required |
|---|---|---|---|
| type | Constant: PPS_BASED_CONVERSION |
Scalar Constant | REQUIRED |
| description | STRING |
A description of the specifics of the conversion - e.g. The Holder is entitled, during the Exercise Period, to purchase from the Company such number of Preferred Shares as are equal to $100,000 divided by the Exercise Price. 'Exercise Price' shall mean 80% of the price per share paid by the investors in the next Qualified Financing. | REQUIRED |
| discount | BOOLEAN |
True if the conversion shares should be based on a discount off the price-per-share in the next elligible financing | - |
| discount_percentage | schema/types/Percentage | If the conversion price is base on a percent discount off the price-per-share of the next elligible financing, what is the discount percent | - |
| discount_amount | schema/types/Monetary | If the resulting conversion shares is based on a fixed amount discount off the price-per-share of the next eilligible financing, what is the discount amount (in currency) | - |
Source Code: schema/types/conversion_mechanisms/SharePriceBasedConversionMechanism
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