Mastery card
I can explain Full Ratchet
Harsh anti-dilution resetting price to the new low round.
Full-ratchet anti-dilution adjusts the conversion price of prior preferred all the way down to the new lower issue price, heavily protecting earlier investors.
Sticky trick
Push for broad-based weighted average instead when possible.
Take into the room
In plain English, what is Full Ratchet?
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