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Anti-Dilution Calculator

  1. By default, the results will be expressed in euros. However, please note that the calculator also works with other currencies.
  2. All options, warrants and convertible financial instruments are exercised prior to the new financing round.
  3. Convertible financial instruments: you can enter both a conversion discount and a valuation cap. The program will take into account the best option for the holder.
  4. In the new financing round, all parties will be treated equally, i.e. they will all pay the same price for the newly issued shares.
  5. All calculations are based on Belgian company law.

1. Your company before the financing round

You and the other founders

Number of shares issued by your company: shares
Par value per share: EUR  
Capital contributed by all founders upon incorporation: EUR  
Pre-money valuation of the company: EUR
Pre-money valuation of the company must be higher than zero.
Note:
The issue premium per share which a future investor will have to pay is:
The issue premium is the pre-money valuation less the par value of the share.


EUR
 

2. Conversion of pre-money rights

Other parties holding pre-money rights who become shareholders before the financing

1. Options or warrants
Number of outstanding options: options
Number of outstanding warrants: warrants
2. Convertible financial instruments
Has your company issued convertible financial instruments?


Value of outstanding convertible financial instruments: EUR
Conversion discount: %
Valuation cap: EUR

3. Your company after the financing round

New investments

1. Founders
Total investment: EUR
2. Investor 1
Total investment: EUR
3. Investor 2
Total investment: EUR

Results

Summary

  Pre-money
Number of Shares
Post-money
Number of Shares
Post-money
%
Founders:      
Noteholders:      
Option holders:      
Warrant holders:      
New investors (excluding founders):      
       
Total number of shares:      

 

Detailed ownership result by category

  Pre-money
Number of Shares
Post-money
Number of Shares
Post-money
%
Founders:
(original number of shares)
     
Number of shares lost by founders to option holders:      
New shares gained by founders due to financing round:      
Noteholders:
(number of shares after conversion)
     
Option holders:
(number of shares after exercise)
     
Warrant holders:
(number of new shares after exercise)
     
Investor 1:
(number of shares after financing round)
     
Investor 2:
(number of shares after financing round)
     
       
Total number of shares:      

Hidden Values

if not 0
Acquisition value 1 new share for founder:
Acquisition value 1 new share for noteholder (discount): disc
Acquisition value 1 new share for noteholder (cap): cap
Acquisition value 1 new share for third party investor:
New investment by the founder
New investment by investor 1
New investment by investor 2
auto value outstanding convertible notes
Pre-money
Post-money