How to Add Anti-Dilution Protection

Anti-dilution protection can be configured at the share class level and will automatically be reflected in Funding Scenario simulations.

How To Configure Anti-Dilution

1. Go to the Cap Table Module
2. Make sure you have a draft cap table
3. Locate the relevant share class
4. Click Edit
5. Click Add More Info (Optional)
6. Check the Anti-Dilution checkbox
7. Select the applicable anti-dilution mechanism:
   • Broad-Based Weighted Average
   • Narrow-Based Weighted Average
   • Full Ratchet
8. Save your changes

How To Publish the Updated Cap Table

Once all anti-dilution provisions have been configured:

1. Click Publish
2. Create a new published version of the cap table

This ensures the updated anti-dilution terms become part of the official cap table and are automatically included in future Funding Scenario simulations.

To see how anti-dilution provisions impact ownership, dilution, and conversion calculations, refer to the Funding Scenario Modeling guide.