SlideShare ist ein Scribd-Unternehmen logo
1 von 26
Shares     Price
Series A                           1,000     $          1.0
Series A Warrants                  1,000     $          1.0
Options                            1,000     $          0.2
Common                             1,000
Dividend per share                           $          0.5




Scenario 1: Non Participating Series A. Dividend for Warrants would be declared from the day it becomes Ser

                                        $0   Before this break point, debt is repaid
                                        $0   After this break point, the Series A receives value
                                    $1,500   After this break point, the Common receive value
                                    $1,700   After this break point, the $0.20 options exercise (Common at $0.20)
                                    $3,300   After this break point, the Series A Warrants converts (Common at $1.0)
                                    $4,800   After this break point, the Series A converts (Common at $1.5)


Break Point #1               Debt is repaid
Debt Principal                                                                     $0
Debt Interest through OPM Term (a)                    4.42%                        $0
                                            Break Point #1                                                          $0


(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2               After this break point, the Series A receives value
Break Point #1                                                                     $0
Plus: Series A Liquidation Preference                                          $1,000
Plus: Series A Liquidation Dividend                                              $500
                                           Break Point #2                                                       $1,500


Break Point #3               After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding                                                              2,000
Strike Price                                                                    $0.20
Subtotal                                                                         $400
Less: Cash Proceeds from Option Exercise                                       ($200)
Plus Break Point # 2                                                           $1,500
                                           Break Point #3                                                       $1,700


Break Point #4               After this break point, the Series A Warrants converts (Common at $1.0)
Shares Outstanding                                                              3,000
Strike Price                                                                    $1.00
Subtotal                                                                       $3,000
Less: Cash Proceeds from Option and Warrants Exercise                        ($1,200)
Plus Break Point #2                                                     $1,500
                                           Break Point #4                                     $3,300
* Options available are included in this breakpoint.
Break Point #5               After this break point, the Series A converts (Common at $1.5)
Shares Outstanding                                                       4,000
Strike Price                                                             $1.50
Subtotal                                                                $6,000
Less: Cash Proceeds from Option and Warrants Exercise                  ($1,200)
Plus Break Point # 1                                                        $0
                                           Break Point #5                                     $4,800
m the day it becomes Series A.                             Scenario 2: Non Participating Series A. Divi

                                                                             $0
                                                                             $0
                                                                         $1,000
e (Common at $0.20)                                                      $2,000
nverts (Common at $1.0)                                                  $2,200
 mmon at $1.5)                                                           $4,800


                                 Break Point #1            Debt is repaid
                                 Debt Principal
                                 Debt Interest through OPM Term (a)



                                 (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q
                                 Break Point #2            After this break point, the Series A receives interi
                                 Break Point #1
                                 Plus: Series A Interim LP




                                 Break Point #3            After this break point, the Series A receive remain
                                 Break Point #1
                                 Plus: Series A remaining LP
                                 Subtotal
                                 Plus: Series A Warrants remaining Value




                                 Break Point #4            After this break point, the $0.20 options exercise
                                 Shares Outstanding
                                 Strike Price
                                 Subtotal
                                 Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point #3


* Options available are included in this breakpoint.
Break Point #5           After this break point, the Series A and Series A W
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1
io 2: Non Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.

              Before this break point, debt is repaid
              After this break point, the Series A receives interim LP and Series A Warrants Exercise
              After this break point, the Series A receive remaining value
              After this break point, the Common receives value
              After this break point, the $0.20 options exercise (Common at $0.20)
              After this break point, the Series A and Series A Warrants converts (Common at $1.5)




                                                 $0
                          4.42%                  $0
               Break Point #1                                           $0


licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
                                                 $0
                                             $1,000
                                                 $0
               Break Point #2                                       $1,000


is break point, the Series A receive remaining value
                                             $1,000                                             1000     1000
                                               $500                                   .5*2000   1000     2000
                                             $1,500                                             2000    -1000
                                              $500                                                       2000
                                                 $0
               Break Point #3                                       $2,000


is break point, the $0.20 options exercise (Common at $0.20)
                                              2,000
                                              $0.20
                                               $400
n and Warrants Exercise                      ($200)
$2,000
               Break Point #4                               $2,200
n this breakpoint.
is break point, the Series A and Series A Warrants converts (Common at $1.5)
                                         4,000
                                         $1.50
                                        $6,000
n and Warrants Exercise                ($1,200)
                                            $0
               Break Point #5                               $4,800
Shares     Price
Series A                           1,000     $          1.0
Series A Warrants                  1,000     $          1.0
Options                            1,000     $          0.2
Common                             1,000
Dividend per share                           $          0.5




Scenario 1: Fully Participating Series A. Dividend for Warrants would be declared from the day it becomes Se

                                        $0   Before this break point, debt is repaid
                                        $0   After this break point, the Series A receives value and Warrants Exercise
                                    $1,500   After this break point, the Common and Series A receive value
                                    $2,100   After this break point, the $0.20 options exercise (Common at $0.20)




Break Point #1               Debt is repaid
Debt Principal                                                                     $0
Debt Interest through OPM Term (a)                    4.42%                        $0
                                            Break Point #1                                                          $0


(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2               After this break point, the Series A receives value and Warrants Exercise
Break Point #1                                                                     $0
Plus: Series A Liquidation Preference                                          $1,000
Plus: Series A Liquidation Dividend                                              $500
                                           Break Point #2                                                       $1,500


Break Point #3               After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding                                                              4,000
Strike Price                                                                    $0.20
Subtotal                                                                         $800
Less: Cash Proceeds from Option Exercise                                       ($200)
Plus Break Point # 2                                                           $1,500
                                           Break Point #3                                                       $2,100
m the day it becomes Series A.                             Scenario 2: Fully Participating Series A. Divi

                                                                             $0
e and Warrants Exercise                                                      $0
A receive value                                                          $1,000
e (Common at $0.20)                                                      $2,000
                                                                         $2,600




                                 Break Point #1            Debt is repaid
                                 Debt Principal
                                 Debt Interest through OPM Term (a)



                                 (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q
                                 Break Point #2            After this break point, the Series A receives interi
                                 Break Point #1
                                 Plus: Series A Interim LP




                                 Break Point #3            After this break point, the Series A receives rema
                                 Break Point #1
                                 Plus: Series A remaining LP (Dividend amount)
                                 Plus: Series A Liquidation Dividend
                                 Plus: Series A Warrants remaining Value (Dividend Amount)




                                 Break Point #4            After this break point, the Common and Series A
                                 Shares Outstanding
                                 Strike Price
                                 Subtotal
                                 Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point #3
io 2: Fully Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.

              Before this break point, debt is repaid
              After this break point, the Series A receives interim LP and Series A Warrants Exercise
              After this break point, the Series A receives remaining value
              After this break point, the Common and Series A receive value
              After this break point, the $0.20 options exercise (Common at $0.20)




                                                 $0
                          4.42%                  $0
               Break Point #1                                           $0


licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
                                                 $0
                                             $1,000
                                                 $0
               Break Point #2                                       $1,000


is break point, the Series A receives remaining value
                                             $1,000
dend amount)                                   $500
                                             $1,500
g Value (Dividend Amount)                     $500
                                                 $0
               Break Point #3                                       $2,000


is break point, the Common and Series A receive value
                                              4,000
                                              $0.20
                                               $800
n and Warrants Exercise                      ($200)
$2,000
Break Point #4            $2,600
Shares     Price
Series A                           1,000     $          1.0                             Series A Cap of 3x
Series A Warrants                  1,000     $          1.0                             Series A reaches Cap
Options                            1,000     $          0.2                             Series A converts
Common                             1,000
Dividend per share                           $          0.5




Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes

                                        $0   Before this break point, debt is repaid
                                        $0   After this break point, the Series A receives value and Warrants exercise
                                    $1,500   After this break point, the Common receive value
                                    $2,100   After this break point, the $0.20 options exercise (Common at $0.20)
                                    $9,300   After this break point, the Series A and Series A Warrants reaches cap (C
                                   $11,300   After this break point, the Series A Warrants converts (Common at $3.0)
                                   $12,800   After this break point, the Series A converts (Common at $3.5)

Break Point #1               Debt is repaid
Debt Principal                                                                     $0
Debt Interest through OPM Term (a)                    4.42%                        $0
                                            Break Point #1                                                          $0


(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2               After this break point, the Series A receives value and Warrants exercise
Break Point #1                                                                     $0
Plus: Series A Liquidation Preference                                          $1,000
Plus: Series A Liquidation Dividend                                              $500
                                           Break Point #2                                                       $1,500


Break Point #3               After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding                                                              4,000
Strike Price                                                                    $0.20
Subtotal                                                                         $800
Less: Cash Proceeds from Option Exercise                                       ($200)
Plus Break Point # 2                                                           $1,500
                                           Break Point #3                                                       $2,100


Break Point #4               After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)
Shares Outstanding                                                              4,000
Strike Price                                                                    $2.00
Subtotal                                                                       $8,000
Less: Cash Proceeds from Option Exercise                                       ($200)
Plus Break Point #2                                                   $1,500
                                       Break Point #4                                                $9,300


Break Point #5             After this break point, the Series A Warrants converts (Common at $3.0)
Shares Outstanding                                                     3,000
Strike Price                                                           $3.00
Subtotal                                                              $9,000
Less: Cash Proceeds from Option and Warrants Exercise                ($1,200)
Plus Break Point # 1                                                      $0
Plus Remaining Max Par of Series A                                    $3,500
                                       Break Point #5                                                $11,300


Break Point #6             After this break point, the Series A converts (Common at $3.5)
Shares Outstanding                                                     4,000
Strike Price                                                           $3.50
Subtotal                                                             $14,000
Less: Cash Proceeds from Option and Warrants Exercise                ($1,200)
Plus Break Point # 1                                                      $0
                                       Break Point #5                                                $12,800
$   3.0
                          $   2.0
                          $   3.5




from the day it becomes Series A.                                  Scenario 2: Capped Participating Series A. D

                                                                                    $0
e and Warrants exercise                                                             $0
                                                                                $1,000
e (Common at $0.20)                                                             $2,000
 Warrants reaches cap (Common at $2.0)                                          $2,600
nverts (Common at $3.0)                                                         $9,800
 mmon at $3.5)                                                                 $12,800

                                         Break Point #1            Debt is repaid
                                         Debt Principal
                                         Debt Interest through OPM Term (a)



                                         (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q
                                         Break Point #2            After this break point, the Series A receives interi
                                         Break Point #1
                                         Plus: Series A Interim LP
                                         Plus: Series A Liquidation Dividend



                                         Break Point #3            After this break point, the Series A receives rema
                                         Break Point #1
                                         Plus: Series A remaining LP
                                         Plus: Series A Liquidation Dividend
                                         Plus: Series A Warrants remaining Value




ap (Common at $2.0)                      Break Point #4            After this break point, the $0.20 options exercise
                                         Shares Outstanding
                                         Strike Price
                                         Subtotal
                                         Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point #3



Break Point #5         After this break point, the Series A and Series A W
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1



Break Point #6         After this break point, the Series A and Series A W
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1
io 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.

              Before this break point, debt is repaid
              After this break point, the Series A receives interim LP and Series A Warrants Exercise
              After this break point, the Series A receives remaining value
              After this break point, the Common and Series A receives value
              After this break point, the $0.20 options exercise (Common at $0.20)
              After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)
              After this break point, the Series A and Series A Warrants converts (Common at $3.5)


                                                 $0
                          4.42%                  $0
               Break Point #1                                           $0


licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
                                                 $0
                                             $1,000
                                                 $0
               Break Point #2                                       $1,000


is break point, the Series A receives remaining value
                                             $1,000
                                               $500
                                             $1,500
                                              $500
                                                 $0
               Break Point #3                                       $2,000


is break point, the $0.20 options exercise (Common at $0.20)
                                              4,000
                                              $0.20
                                               $800
n and Warrants Exercise                      ($200)
$2,000
              Break Point #4                                $2,600


is break point, the Series A and Series A Warrants reaches cap (Common at $2.0)
                                         4,000
                                         $2.00
                                        $8,000
n and Warrants Exercise                 ($200)
                                        $2,000
              Break Point #5                                $9,800


is break point, the Series A and Series A Warrants converts (Common at $3.5)
                                         4,000
                                         $3.50
                                       $14,000
n and Warrants Exercise                ($1,200)
                                            $0
              Break Point #5                               $12,800
of Series A.
Shares     Price
Series A                           1,000     $          1.0                             Series A MPP (including Dividend)
Series A Warrants                  1,000     $          1.0                             Series A reaches Cap
Options                            1,000     $          0.2                             Series A converts
Common                             1,000                                                Series A Warrants reaches cap at
Dividend per share                           $          0.5




Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes

                                        $0   Before this break point, debt is repaid
                                        $0   After this break point, the Series A receives value
                                    $1,500   After this break point, the Common receives value
                                    $2,100   After this break point, the $0.20 options exercise (Common at $0.20)
                                    $7,300   After this break point, the Series A reaches cap (Common at $1.5)
                                    $8,800   After this break point, the Series A Warrants reaches its cap (Common at
                                   $10,800   After this break point, the Series A and Series A Warrants converts (Com

Break Point #1               Debt is repaid
Debt Principal                                                                     $0
Debt Interest through OPM Term (a)                    4.42%                        $0
                                            Break Point #1                                                          $0


(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2               After this break point, the Series A receives value
Break Point #1                                                                     $0
Plus: Series A Liquidation Preference                                          $1,000
Plus: Series A Liquidation Dividend                                              $500
                                           Break Point #2                                                       $1,500


Break Point #3               After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding                                                              4,000
Strike Price                                                                    $0.20
Subtotal                                                                         $800
Less: Cash Proceeds from Option Exercise                                       ($200)
Plus Break Point # 2                                                           $1,500
                                           Break Point #3                                                       $2,100


Break Point #4               After this break point, the Series A reaches cap (Common at $1.5)
Shares Outstanding                                                              4,000
Strike Price                                                                    $1.50
Subtotal                                                                       $6,000
Less: Cash Proceeds from Option Exercise                                       ($200)
Plus Break Point #2                                                   $1,500
                                       Break Point #4                                               $7,300


Break Point #5             After this break point, the Series A Warrants reaches its cap (Common at $2.0)
Shares Outstanding                                                     3,000
Strike Price                                                           $2.00
Subtotal                                                              $6,000
Less: Cash Proceeds from Option and Warrants Exercise                  ($200)
Plus Break Point # 1                                                      $0
Plus Remaining Max Par of Series A                                    $3,000
                                       Break Point #5                                               $8,800


Break Point #6             After this break point, the Series A and Series A Warrants converts (Common at $3.0)
Shares Outstanding                                                     4,000
Strike Price                                                           $3.00
Subtotal                                                             $12,000
Less: Cash Proceeds from Option and Warrants Exercise                ($1,200)
Plus Break Point # 1                                                      $0
                                       Break Point #5                                              $10,800
including Dividend)      $     3.0
                         $     1.5
                         $     3.0
nts reaches cap at       $     2.0




from the day it becomes Series A.                               Scenario 2: Capped Participating Series A

                                                                                 $0
                                                                                 $0
                                                                             $1,000
e (Common at $0.20)                                                          $2,000
 Common at $1.5)                                                             $2,600
 ches its cap (Common at $2.0)                                               $7,800
 Warrants converts (Common at $3.0)                                         $10,800

                                      Break Point #1            Debt is repaid
                                      Debt Principal
                                      Debt Interest through OPM Term (a)



                                      (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as o
                                      Break Point #2            After this break point, the Series A receives int
                                      Break Point #1
                                      Plus: Series A Interim LP
                                      Plus: Series A Liquidation Dividend



                                      Break Point #3            After this break point, the Series A receives rem
                                      Break Point #1
                                      Plus: Series A remaining LP
                                      Plus: Series A Liquidation Dividend
                                      Plus: Series A Warrants remaining Value




                                      Break Point #4            After this break point, the $0.20 options exerci
                                      Shares Outstanding
                                      Strike Price
                                      Subtotal
                                      Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point #3



                  Break Point #5         After this break point, the Series A and Series
                  Shares Outstanding
                  Strike Price
                  Subtotal
                  Less: Cash Proceeds from Option and Warrants Exercise
                  Plus Break Point # 1



                  Break Point #6         After this break point, the Series A and Series
Common at $3.0)   Shares Outstanding
                  Strike Price
                  Subtotal
                  Less: Cash Proceeds from Option and Warrants Exercise
                  Plus Break Point # 1
io 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.

              Before this break point, debt is repaid
              After this break point, the Series A receives interim LP and Series A Warrants Exercise
              After this break point, the Series A receives remaining value
              After this break point, the Common and Series A receives value
              After this break point, the $0.20 options exercise (Common at $0.20)
              After this break point, the Series A and Series A Warrants reaches cap (Common at $1.5)
              After this break point, the Series A and Series A Warrants converts (Common at $3.0)


                                                 $0
                          4.42%                  $0
               Break Point #1                                           $0


licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
                                                 $0
                                             $1,000
                                                 $0
               Break Point #2                                       $1,000


is break point, the Series A receives remaining value
                                             $1,000
                                               $500
                                             $1,500
                                              $500
                                                 $0
               Break Point #3                                       $2,000


is break point, the $0.20 options exercise (Common at $0.20)
                                              4,000
                                              $0.20
                                               $800
n and Warrants Exercise                      ($200)
$2,000
              Break Point #4                                $2,600


is break point, the Series A and Series A Warrants reaches cap (Common at $1.5)
                                         4,000
                                         $1.50
                                        $6,000
n and Warrants Exercise                 ($200)
                                        $2,000
              Break Point #5                                $7,800


is break point, the Series A and Series A Warrants converts (Common at $3.0)
                                         4,000
                                         $3.00
                                       $12,000
n and Warrants Exercise                ($1,200)
                                            $0
              Break Point #5                               $10,800
of Series A.

Weitere ähnliche Inhalte

Kürzlich hochgeladen

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
negromaestrong
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
ciinovamais
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 

Kürzlich hochgeladen (20)

General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural ResourcesEnergy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 

Empfohlen

How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
ThinkNow
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 

Empfohlen (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Understanding warrants treatment

  • 1. Shares Price Series A 1,000 $ 1.0 Series A Warrants 1,000 $ 1.0 Options 1,000 $ 0.2 Common 1,000 Dividend per share $ 0.5 Scenario 1: Non Participating Series A. Dividend for Warrants would be declared from the day it becomes Ser $0 Before this break point, debt is repaid $0 After this break point, the Series A receives value $1,500 After this break point, the Common receive value $1,700 After this break point, the $0.20 options exercise (Common at $0.20) $3,300 After this break point, the Series A Warrants converts (Common at $1.0) $4,800 After this break point, the Series A converts (Common at $1.5) Break Point #1 Debt is repaid Debt Principal $0 Debt Interest through OPM Term (a) 4.42% $0 Break Point #1 $0 (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. Break Point #2 After this break point, the Series A receives value Break Point #1 $0 Plus: Series A Liquidation Preference $1,000 Plus: Series A Liquidation Dividend $500 Break Point #2 $1,500 Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20) Shares Outstanding 2,000 Strike Price $0.20 Subtotal $400 Less: Cash Proceeds from Option Exercise ($200) Plus Break Point # 2 $1,500 Break Point #3 $1,700 Break Point #4 After this break point, the Series A Warrants converts (Common at $1.0) Shares Outstanding 3,000 Strike Price $1.00 Subtotal $3,000 Less: Cash Proceeds from Option and Warrants Exercise ($1,200)
  • 2. Plus Break Point #2 $1,500 Break Point #4 $3,300 * Options available are included in this breakpoint. Break Point #5 After this break point, the Series A converts (Common at $1.5) Shares Outstanding 4,000 Strike Price $1.50 Subtotal $6,000 Less: Cash Proceeds from Option and Warrants Exercise ($1,200) Plus Break Point # 1 $0 Break Point #5 $4,800
  • 3. m the day it becomes Series A. Scenario 2: Non Participating Series A. Divi $0 $0 $1,000 e (Common at $0.20) $2,000 nverts (Common at $1.0) $2,200 mmon at $1.5) $4,800 Break Point #1 Debt is repaid Debt Principal Debt Interest through OPM Term (a) (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q Break Point #2 After this break point, the Series A receives interi Break Point #1 Plus: Series A Interim LP Break Point #3 After this break point, the Series A receive remain Break Point #1 Plus: Series A remaining LP Subtotal Plus: Series A Warrants remaining Value Break Point #4 After this break point, the $0.20 options exercise Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise
  • 4. Plus Break Point #3 * Options available are included in this breakpoint. Break Point #5 After this break point, the Series A and Series A W Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise Plus Break Point # 1
  • 5. io 2: Non Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A. Before this break point, debt is repaid After this break point, the Series A receives interim LP and Series A Warrants Exercise After this break point, the Series A receive remaining value After this break point, the Common receives value After this break point, the $0.20 options exercise (Common at $0.20) After this break point, the Series A and Series A Warrants converts (Common at $1.5) $0 4.42% $0 Break Point #1 $0 licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. is break point, the Series A receives interim LP and Series A Warrants Exercise $0 $1,000 $0 Break Point #2 $1,000 is break point, the Series A receive remaining value $1,000 1000 1000 $500 .5*2000 1000 2000 $1,500 2000 -1000 $500 2000 $0 Break Point #3 $2,000 is break point, the $0.20 options exercise (Common at $0.20) 2,000 $0.20 $400 n and Warrants Exercise ($200)
  • 6. $2,000 Break Point #4 $2,200 n this breakpoint. is break point, the Series A and Series A Warrants converts (Common at $1.5) 4,000 $1.50 $6,000 n and Warrants Exercise ($1,200) $0 Break Point #5 $4,800
  • 7. Shares Price Series A 1,000 $ 1.0 Series A Warrants 1,000 $ 1.0 Options 1,000 $ 0.2 Common 1,000 Dividend per share $ 0.5 Scenario 1: Fully Participating Series A. Dividend for Warrants would be declared from the day it becomes Se $0 Before this break point, debt is repaid $0 After this break point, the Series A receives value and Warrants Exercise $1,500 After this break point, the Common and Series A receive value $2,100 After this break point, the $0.20 options exercise (Common at $0.20) Break Point #1 Debt is repaid Debt Principal $0 Debt Interest through OPM Term (a) 4.42% $0 Break Point #1 $0 (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. Break Point #2 After this break point, the Series A receives value and Warrants Exercise Break Point #1 $0 Plus: Series A Liquidation Preference $1,000 Plus: Series A Liquidation Dividend $500 Break Point #2 $1,500 Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20) Shares Outstanding 4,000 Strike Price $0.20 Subtotal $800 Less: Cash Proceeds from Option Exercise ($200) Plus Break Point # 2 $1,500 Break Point #3 $2,100
  • 8.
  • 9. m the day it becomes Series A. Scenario 2: Fully Participating Series A. Divi $0 e and Warrants Exercise $0 A receive value $1,000 e (Common at $0.20) $2,000 $2,600 Break Point #1 Debt is repaid Debt Principal Debt Interest through OPM Term (a) (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q Break Point #2 After this break point, the Series A receives interi Break Point #1 Plus: Series A Interim LP Break Point #3 After this break point, the Series A receives rema Break Point #1 Plus: Series A remaining LP (Dividend amount) Plus: Series A Liquidation Dividend Plus: Series A Warrants remaining Value (Dividend Amount) Break Point #4 After this break point, the Common and Series A Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise
  • 11. io 2: Fully Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A. Before this break point, debt is repaid After this break point, the Series A receives interim LP and Series A Warrants Exercise After this break point, the Series A receives remaining value After this break point, the Common and Series A receive value After this break point, the $0.20 options exercise (Common at $0.20) $0 4.42% $0 Break Point #1 $0 licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. is break point, the Series A receives interim LP and Series A Warrants Exercise $0 $1,000 $0 Break Point #2 $1,000 is break point, the Series A receives remaining value $1,000 dend amount) $500 $1,500 g Value (Dividend Amount) $500 $0 Break Point #3 $2,000 is break point, the Common and Series A receive value 4,000 $0.20 $800 n and Warrants Exercise ($200)
  • 13. Shares Price Series A 1,000 $ 1.0 Series A Cap of 3x Series A Warrants 1,000 $ 1.0 Series A reaches Cap Options 1,000 $ 0.2 Series A converts Common 1,000 Dividend per share $ 0.5 Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes $0 Before this break point, debt is repaid $0 After this break point, the Series A receives value and Warrants exercise $1,500 After this break point, the Common receive value $2,100 After this break point, the $0.20 options exercise (Common at $0.20) $9,300 After this break point, the Series A and Series A Warrants reaches cap (C $11,300 After this break point, the Series A Warrants converts (Common at $3.0) $12,800 After this break point, the Series A converts (Common at $3.5) Break Point #1 Debt is repaid Debt Principal $0 Debt Interest through OPM Term (a) 4.42% $0 Break Point #1 $0 (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. Break Point #2 After this break point, the Series A receives value and Warrants exercise Break Point #1 $0 Plus: Series A Liquidation Preference $1,000 Plus: Series A Liquidation Dividend $500 Break Point #2 $1,500 Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20) Shares Outstanding 4,000 Strike Price $0.20 Subtotal $800 Less: Cash Proceeds from Option Exercise ($200) Plus Break Point # 2 $1,500 Break Point #3 $2,100 Break Point #4 After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0) Shares Outstanding 4,000 Strike Price $2.00 Subtotal $8,000 Less: Cash Proceeds from Option Exercise ($200)
  • 14. Plus Break Point #2 $1,500 Break Point #4 $9,300 Break Point #5 After this break point, the Series A Warrants converts (Common at $3.0) Shares Outstanding 3,000 Strike Price $3.00 Subtotal $9,000 Less: Cash Proceeds from Option and Warrants Exercise ($1,200) Plus Break Point # 1 $0 Plus Remaining Max Par of Series A $3,500 Break Point #5 $11,300 Break Point #6 After this break point, the Series A converts (Common at $3.5) Shares Outstanding 4,000 Strike Price $3.50 Subtotal $14,000 Less: Cash Proceeds from Option and Warrants Exercise ($1,200) Plus Break Point # 1 $0 Break Point #5 $12,800
  • 15. $ 3.0 $ 2.0 $ 3.5 from the day it becomes Series A. Scenario 2: Capped Participating Series A. D $0 e and Warrants exercise $0 $1,000 e (Common at $0.20) $2,000 Warrants reaches cap (Common at $2.0) $2,600 nverts (Common at $3.0) $9,800 mmon at $3.5) $12,800 Break Point #1 Debt is repaid Debt Principal Debt Interest through OPM Term (a) (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q Break Point #2 After this break point, the Series A receives interi Break Point #1 Plus: Series A Interim LP Plus: Series A Liquidation Dividend Break Point #3 After this break point, the Series A receives rema Break Point #1 Plus: Series A remaining LP Plus: Series A Liquidation Dividend Plus: Series A Warrants remaining Value ap (Common at $2.0) Break Point #4 After this break point, the $0.20 options exercise Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise
  • 16. Plus Break Point #3 Break Point #5 After this break point, the Series A and Series A W Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise Plus Break Point # 1 Break Point #6 After this break point, the Series A and Series A W Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise Plus Break Point # 1
  • 17. io 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A. Before this break point, debt is repaid After this break point, the Series A receives interim LP and Series A Warrants Exercise After this break point, the Series A receives remaining value After this break point, the Common and Series A receives value After this break point, the $0.20 options exercise (Common at $0.20) After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0) After this break point, the Series A and Series A Warrants converts (Common at $3.5) $0 4.42% $0 Break Point #1 $0 licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. is break point, the Series A receives interim LP and Series A Warrants Exercise $0 $1,000 $0 Break Point #2 $1,000 is break point, the Series A receives remaining value $1,000 $500 $1,500 $500 $0 Break Point #3 $2,000 is break point, the $0.20 options exercise (Common at $0.20) 4,000 $0.20 $800 n and Warrants Exercise ($200)
  • 18. $2,000 Break Point #4 $2,600 is break point, the Series A and Series A Warrants reaches cap (Common at $2.0) 4,000 $2.00 $8,000 n and Warrants Exercise ($200) $2,000 Break Point #5 $9,800 is break point, the Series A and Series A Warrants converts (Common at $3.5) 4,000 $3.50 $14,000 n and Warrants Exercise ($1,200) $0 Break Point #5 $12,800
  • 20. Shares Price Series A 1,000 $ 1.0 Series A MPP (including Dividend) Series A Warrants 1,000 $ 1.0 Series A reaches Cap Options 1,000 $ 0.2 Series A converts Common 1,000 Series A Warrants reaches cap at Dividend per share $ 0.5 Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes $0 Before this break point, debt is repaid $0 After this break point, the Series A receives value $1,500 After this break point, the Common receives value $2,100 After this break point, the $0.20 options exercise (Common at $0.20) $7,300 After this break point, the Series A reaches cap (Common at $1.5) $8,800 After this break point, the Series A Warrants reaches its cap (Common at $10,800 After this break point, the Series A and Series A Warrants converts (Com Break Point #1 Debt is repaid Debt Principal $0 Debt Interest through OPM Term (a) 4.42% $0 Break Point #1 $0 (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. Break Point #2 After this break point, the Series A receives value Break Point #1 $0 Plus: Series A Liquidation Preference $1,000 Plus: Series A Liquidation Dividend $500 Break Point #2 $1,500 Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20) Shares Outstanding 4,000 Strike Price $0.20 Subtotal $800 Less: Cash Proceeds from Option Exercise ($200) Plus Break Point # 2 $1,500 Break Point #3 $2,100 Break Point #4 After this break point, the Series A reaches cap (Common at $1.5) Shares Outstanding 4,000 Strike Price $1.50 Subtotal $6,000 Less: Cash Proceeds from Option Exercise ($200)
  • 21. Plus Break Point #2 $1,500 Break Point #4 $7,300 Break Point #5 After this break point, the Series A Warrants reaches its cap (Common at $2.0) Shares Outstanding 3,000 Strike Price $2.00 Subtotal $6,000 Less: Cash Proceeds from Option and Warrants Exercise ($200) Plus Break Point # 1 $0 Plus Remaining Max Par of Series A $3,000 Break Point #5 $8,800 Break Point #6 After this break point, the Series A and Series A Warrants converts (Common at $3.0) Shares Outstanding 4,000 Strike Price $3.00 Subtotal $12,000 Less: Cash Proceeds from Option and Warrants Exercise ($1,200) Plus Break Point # 1 $0 Break Point #5 $10,800
  • 22. including Dividend) $ 3.0 $ 1.5 $ 3.0 nts reaches cap at $ 2.0 from the day it becomes Series A. Scenario 2: Capped Participating Series A $0 $0 $1,000 e (Common at $0.20) $2,000 Common at $1.5) $2,600 ches its cap (Common at $2.0) $7,800 Warrants converts (Common at $3.0) $10,800 Break Point #1 Debt is repaid Debt Principal Debt Interest through OPM Term (a) (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as o Break Point #2 After this break point, the Series A receives int Break Point #1 Plus: Series A Interim LP Plus: Series A Liquidation Dividend Break Point #3 After this break point, the Series A receives rem Break Point #1 Plus: Series A remaining LP Plus: Series A Liquidation Dividend Plus: Series A Warrants remaining Value Break Point #4 After this break point, the $0.20 options exerci Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise
  • 23. Plus Break Point #3 Break Point #5 After this break point, the Series A and Series Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise Plus Break Point # 1 Break Point #6 After this break point, the Series A and Series Common at $3.0) Shares Outstanding Strike Price Subtotal Less: Cash Proceeds from Option and Warrants Exercise Plus Break Point # 1
  • 24. io 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A. Before this break point, debt is repaid After this break point, the Series A receives interim LP and Series A Warrants Exercise After this break point, the Series A receives remaining value After this break point, the Common and Series A receives value After this break point, the $0.20 options exercise (Common at $0.20) After this break point, the Series A and Series A Warrants reaches cap (Common at $1.5) After this break point, the Series A and Series A Warrants converts (Common at $3.0) $0 4.42% $0 Break Point #1 $0 licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. is break point, the Series A receives interim LP and Series A Warrants Exercise $0 $1,000 $0 Break Point #2 $1,000 is break point, the Series A receives remaining value $1,000 $500 $1,500 $500 $0 Break Point #3 $2,000 is break point, the $0.20 options exercise (Common at $0.20) 4,000 $0.20 $800 n and Warrants Exercise ($200)
  • 25. $2,000 Break Point #4 $2,600 is break point, the Series A and Series A Warrants reaches cap (Common at $1.5) 4,000 $1.50 $6,000 n and Warrants Exercise ($200) $2,000 Break Point #5 $7,800 is break point, the Series A and Series A Warrants converts (Common at $3.0) 4,000 $3.00 $12,000 n and Warrants Exercise ($1,200) $0 Break Point #5 $10,800