Mastery card
I can explain Broad-Based Weighted Average
Common milder anti-dilution using a share-weighted formula.
Broad-based weighted average anti-dilution lowers conversion price using a formula that factors new issue price and a broad share count, milder than full ratchet.
Sticky trick
Confirm ‘broad-based’ includes the option pool in the formula.
Take into the room
In plain English, what is Broad-Based Weighted Average?
Or open the share card 📐
Or start your own 5-word trail from home.