@lilly159 My understanding is that most large investors would have the anti dilution rights! But considering how the founders here dictated the terms with the investors- like you’re saying- the investors wouldn’t have been terribly bothered if they had that right!
@lilly159 I look forward to all your posts!
Btw if the existing investors don’t participate in the rights issue, they will typically be eligible for downround protection, isn’t it? i.e. they’d be eligible to get an additional number of shares to make up for the down round.
