Dilution scenarios
Model the cap-table impact of an offering before you file.
The dilution module models the cap-table impact of a primary offering, secondary, conversion event, or buyback.
Setup
Equity > Dilution > New Scenario. Enter the deal size, price per share, security type, and effective date.
Outputs
Pre-money and post-money cap table, dilution waterfall, ownership shifts by holder class, and the disclosure language for the S-1 / Reg A "Dilution" Item.
What it does not model
Tax consequences (we surface qualitative tax considerations only). Anti-dilution adjustments under VC financings (those require legal interpretation). Nuances of contingent value rights or warrants with non-standard triggers.
Filing integration
When you start an S-1 or Reg A 1-A and you have an active scenario, the wizard offers to use the scenario as the "as-if" basis for the dilution disclosure. You can edit the language freely.