Unverified60% confidenceFactExact time
Anti-dilution provisions primarily take two forms—full ratchet and weighted average—automatically adjusting early investors' ownership percentages in the event of a down round.
2
Sources
60%
Confidence
Long-term
Relevance
8/9/2026
First Seen
Sources
Bending Spoons 13亿美元收购Airtable：IPO后首次出手的战略逻辑
Related Claims
UnverifiedAnti-dilution provisions protect early investors in down rounds by adjusting the conversion price to increase their convertible share count, further diluting common stock.78% similarUnverifiedConvertible notes offer investors the dual advantages of downside protection (principal and interest of the debt) and upside participation (conversion gains).67% similarUnverifiedIn tracks like AI where valuations jump, convertible notes are often used by large strategic investors to accumulate stakes in batches and quietly, because the specific equity ratio need not be disclosed before conversion.66% similarUnverifiedIf participation rights are combined with a liquidation preference multiple (i.e., "participating preferred stock"), the actual proceeds of common shareholders are significantly compressed.65% similarUnverifiedA Series B extension round typically follows the original Series B's valuation and terms (such as liquidation preference and anti-dilution protection).64% similar
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