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Posted: May 30th, 2023
ebv proposes to structure the investment as 5million shares of convertible preferred stock.the founders of new co who will continue with the firm currently hold 10 million shares of common stock. Thus following the series a investment new co will have 10 million common shares outstanding and would have 15 million outstanding upon conversion of CP . EBV estimates a 30 percent probability for a successful exit with an expected exit time in five years. What is your investment recommendation
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