the price per share equal to the fair market value of the Common Stock at the time of the Liquidity Event, as determined by reference to the purchase price payable in connection with such Liquidity Event, multiplied by the Discount Rate.
the fair market value of the Common Stock at the time of the applicable Liquidity Event (determined by reference to the purchase price payable in connection with such Liquidity Event).
the price per share equal to the Post-Money Valuation Cap divided by the Liquidity Capitalization.
Relevant Circumstances
- When SAFE or convertible-note holders convert at a discount to a liquidity event price
- If the fair-market-value of common stock is tied to the deal price
- Where valuation caps cap the conversion price separately from the discount mechanic
