Venture Deals · glossary
The shares actually issued and entered in the register of members. Votes, control and regulatory thresholds are counted on it, not on a fully diluted basis. After the Series A, Solaris’s register held 8,000 shares, while the fully diluted count was 10,000 because of the unissued pool. Clause 7.2 · Chapter 1
Explained in Chapter 1, What Venture Money Buys, of Venture Deals.
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