Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Understanding warrants treatment
1. Shares Price
Series A 1,000 $ 1.0
Series A Warrants 1,000 $ 1.0
Options 1,000 $ 0.2
Common 1,000
Dividend per share $ 0.5
Scenario 1: Non Participating Series A. Dividend for Warrants would be declared from the day it becomes Ser
$0 Before this break point, debt is repaid
$0 After this break point, the Series A receives value
$1,500 After this break point, the Common receive value
$1,700 After this break point, the $0.20 options exercise (Common at $0.20)
$3,300 After this break point, the Series A Warrants converts (Common at $1.0)
$4,800 After this break point, the Series A converts (Common at $1.5)
Break Point #1 Debt is repaid
Debt Principal $0
Debt Interest through OPM Term (a) 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2 After this break point, the Series A receives value
Break Point #1 $0
Plus: Series A Liquidation Preference $1,000
Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding 2,000
Strike Price $0.20
Subtotal $400
Less: Cash Proceeds from Option Exercise ($200)
Plus Break Point # 2 $1,500
Break Point #3 $1,700
Break Point #4 After this break point, the Series A Warrants converts (Common at $1.0)
Shares Outstanding 3,000
Strike Price $1.00
Subtotal $3,000
Less: Cash Proceeds from Option and Warrants Exercise ($1,200)
2. Plus Break Point #2 $1,500
Break Point #4 $3,300
* Options available are included in this breakpoint.
Break Point #5 After this break point, the Series A converts (Common at $1.5)
Shares Outstanding 4,000
Strike Price $1.50
Subtotal $6,000
Less: Cash Proceeds from Option and Warrants Exercise ($1,200)
Plus Break Point # 1 $0
Break Point #5 $4,800
3. m the day it becomes Series A. Scenario 2: Non Participating Series A. Divi
$0
$0
$1,000
e (Common at $0.20) $2,000
nverts (Common at $1.0) $2,200
mmon at $1.5) $4,800
Break Point #1 Debt is repaid
Debt Principal
Debt Interest through OPM Term (a)
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q
Break Point #2 After this break point, the Series A receives interi
Break Point #1
Plus: Series A Interim LP
Break Point #3 After this break point, the Series A receive remain
Break Point #1
Plus: Series A remaining LP
Subtotal
Plus: Series A Warrants remaining Value
Break Point #4 After this break point, the $0.20 options exercise
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
4. Plus Break Point #3
* Options available are included in this breakpoint.
Break Point #5 After this break point, the Series A and Series A W
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1
5. io 2: Non Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaid
After this break point, the Series A receives interim LP and Series A Warrants Exercise
After this break point, the Series A receive remaining value
After this break point, the Common receives value
After this break point, the $0.20 options exercise (Common at $0.20)
After this break point, the Series A and Series A Warrants converts (Common at $1.5)
$0
4.42% $0
Break Point #1 $0
licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
$0
$1,000
$0
Break Point #2 $1,000
is break point, the Series A receive remaining value
$1,000 1000 1000
$500 .5*2000 1000 2000
$1,500 2000 -1000
$500 2000
$0
Break Point #3 $2,000
is break point, the $0.20 options exercise (Common at $0.20)
2,000
$0.20
$400
n and Warrants Exercise ($200)
6. $2,000
Break Point #4 $2,200
n this breakpoint.
is break point, the Series A and Series A Warrants converts (Common at $1.5)
4,000
$1.50
$6,000
n and Warrants Exercise ($1,200)
$0
Break Point #5 $4,800
7. Shares Price
Series A 1,000 $ 1.0
Series A Warrants 1,000 $ 1.0
Options 1,000 $ 0.2
Common 1,000
Dividend per share $ 0.5
Scenario 1: Fully Participating Series A. Dividend for Warrants would be declared from the day it becomes Se
$0 Before this break point, debt is repaid
$0 After this break point, the Series A receives value and Warrants Exercise
$1,500 After this break point, the Common and Series A receive value
$2,100 After this break point, the $0.20 options exercise (Common at $0.20)
Break Point #1 Debt is repaid
Debt Principal $0
Debt Interest through OPM Term (a) 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2 After this break point, the Series A receives value and Warrants Exercise
Break Point #1 $0
Plus: Series A Liquidation Preference $1,000
Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding 4,000
Strike Price $0.20
Subtotal $800
Less: Cash Proceeds from Option Exercise ($200)
Plus Break Point # 2 $1,500
Break Point #3 $2,100
8.
9. m the day it becomes Series A. Scenario 2: Fully Participating Series A. Divi
$0
e and Warrants Exercise $0
A receive value $1,000
e (Common at $0.20) $2,000
$2,600
Break Point #1 Debt is repaid
Debt Principal
Debt Interest through OPM Term (a)
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q
Break Point #2 After this break point, the Series A receives interi
Break Point #1
Plus: Series A Interim LP
Break Point #3 After this break point, the Series A receives rema
Break Point #1
Plus: Series A remaining LP (Dividend amount)
Plus: Series A Liquidation Dividend
Plus: Series A Warrants remaining Value (Dividend Amount)
Break Point #4 After this break point, the Common and Series A
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
11. io 2: Fully Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaid
After this break point, the Series A receives interim LP and Series A Warrants Exercise
After this break point, the Series A receives remaining value
After this break point, the Common and Series A receive value
After this break point, the $0.20 options exercise (Common at $0.20)
$0
4.42% $0
Break Point #1 $0
licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
$0
$1,000
$0
Break Point #2 $1,000
is break point, the Series A receives remaining value
$1,000
dend amount) $500
$1,500
g Value (Dividend Amount) $500
$0
Break Point #3 $2,000
is break point, the Common and Series A receive value
4,000
$0.20
$800
n and Warrants Exercise ($200)
13. Shares Price
Series A 1,000 $ 1.0 Series A Cap of 3x
Series A Warrants 1,000 $ 1.0 Series A reaches Cap
Options 1,000 $ 0.2 Series A converts
Common 1,000
Dividend per share $ 0.5
Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes
$0 Before this break point, debt is repaid
$0 After this break point, the Series A receives value and Warrants exercise
$1,500 After this break point, the Common receive value
$2,100 After this break point, the $0.20 options exercise (Common at $0.20)
$9,300 After this break point, the Series A and Series A Warrants reaches cap (C
$11,300 After this break point, the Series A Warrants converts (Common at $3.0)
$12,800 After this break point, the Series A converts (Common at $3.5)
Break Point #1 Debt is repaid
Debt Principal $0
Debt Interest through OPM Term (a) 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2 After this break point, the Series A receives value and Warrants exercise
Break Point #1 $0
Plus: Series A Liquidation Preference $1,000
Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding 4,000
Strike Price $0.20
Subtotal $800
Less: Cash Proceeds from Option Exercise ($200)
Plus Break Point # 2 $1,500
Break Point #3 $2,100
Break Point #4 After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)
Shares Outstanding 4,000
Strike Price $2.00
Subtotal $8,000
Less: Cash Proceeds from Option Exercise ($200)
14. Plus Break Point #2 $1,500
Break Point #4 $9,300
Break Point #5 After this break point, the Series A Warrants converts (Common at $3.0)
Shares Outstanding 3,000
Strike Price $3.00
Subtotal $9,000
Less: Cash Proceeds from Option and Warrants Exercise ($1,200)
Plus Break Point # 1 $0
Plus Remaining Max Par of Series A $3,500
Break Point #5 $11,300
Break Point #6 After this break point, the Series A converts (Common at $3.5)
Shares Outstanding 4,000
Strike Price $3.50
Subtotal $14,000
Less: Cash Proceeds from Option and Warrants Exercise ($1,200)
Plus Break Point # 1 $0
Break Point #5 $12,800
15. $ 3.0
$ 2.0
$ 3.5
from the day it becomes Series A. Scenario 2: Capped Participating Series A. D
$0
e and Warrants exercise $0
$1,000
e (Common at $0.20) $2,000
Warrants reaches cap (Common at $2.0) $2,600
nverts (Common at $3.0) $9,800
mmon at $3.5) $12,800
Break Point #1 Debt is repaid
Debt Principal
Debt Interest through OPM Term (a)
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q
Break Point #2 After this break point, the Series A receives interi
Break Point #1
Plus: Series A Interim LP
Plus: Series A Liquidation Dividend
Break Point #3 After this break point, the Series A receives rema
Break Point #1
Plus: Series A remaining LP
Plus: Series A Liquidation Dividend
Plus: Series A Warrants remaining Value
ap (Common at $2.0) Break Point #4 After this break point, the $0.20 options exercise
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
16. Plus Break Point #3
Break Point #5 After this break point, the Series A and Series A W
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1
Break Point #6 After this break point, the Series A and Series A W
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1
17. io 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaid
After this break point, the Series A receives interim LP and Series A Warrants Exercise
After this break point, the Series A receives remaining value
After this break point, the Common and Series A receives value
After this break point, the $0.20 options exercise (Common at $0.20)
After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)
After this break point, the Series A and Series A Warrants converts (Common at $3.5)
$0
4.42% $0
Break Point #1 $0
licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
$0
$1,000
$0
Break Point #2 $1,000
is break point, the Series A receives remaining value
$1,000
$500
$1,500
$500
$0
Break Point #3 $2,000
is break point, the $0.20 options exercise (Common at $0.20)
4,000
$0.20
$800
n and Warrants Exercise ($200)
18. $2,000
Break Point #4 $2,600
is break point, the Series A and Series A Warrants reaches cap (Common at $2.0)
4,000
$2.00
$8,000
n and Warrants Exercise ($200)
$2,000
Break Point #5 $9,800
is break point, the Series A and Series A Warrants converts (Common at $3.5)
4,000
$3.50
$14,000
n and Warrants Exercise ($1,200)
$0
Break Point #5 $12,800
20. Shares Price
Series A 1,000 $ 1.0 Series A MPP (including Dividend)
Series A Warrants 1,000 $ 1.0 Series A reaches Cap
Options 1,000 $ 0.2 Series A converts
Common 1,000 Series A Warrants reaches cap at
Dividend per share $ 0.5
Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes
$0 Before this break point, debt is repaid
$0 After this break point, the Series A receives value
$1,500 After this break point, the Common receives value
$2,100 After this break point, the $0.20 options exercise (Common at $0.20)
$7,300 After this break point, the Series A reaches cap (Common at $1.5)
$8,800 After this break point, the Series A Warrants reaches its cap (Common at
$10,800 After this break point, the Series A and Series A Warrants converts (Com
Break Point #1 Debt is repaid
Debt Principal $0
Debt Interest through OPM Term (a) 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
Break Point #2 After this break point, the Series A receives value
Break Point #1 $0
Plus: Series A Liquidation Preference $1,000
Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)
Shares Outstanding 4,000
Strike Price $0.20
Subtotal $800
Less: Cash Proceeds from Option Exercise ($200)
Plus Break Point # 2 $1,500
Break Point #3 $2,100
Break Point #4 After this break point, the Series A reaches cap (Common at $1.5)
Shares Outstanding 4,000
Strike Price $1.50
Subtotal $6,000
Less: Cash Proceeds from Option Exercise ($200)
21. Plus Break Point #2 $1,500
Break Point #4 $7,300
Break Point #5 After this break point, the Series A Warrants reaches its cap (Common at $2.0)
Shares Outstanding 3,000
Strike Price $2.00
Subtotal $6,000
Less: Cash Proceeds from Option and Warrants Exercise ($200)
Plus Break Point # 1 $0
Plus Remaining Max Par of Series A $3,000
Break Point #5 $8,800
Break Point #6 After this break point, the Series A and Series A Warrants converts (Common at $3.0)
Shares Outstanding 4,000
Strike Price $3.00
Subtotal $12,000
Less: Cash Proceeds from Option and Warrants Exercise ($1,200)
Plus Break Point # 1 $0
Break Point #5 $10,800
22. including Dividend) $ 3.0
$ 1.5
$ 3.0
nts reaches cap at $ 2.0
from the day it becomes Series A. Scenario 2: Capped Participating Series A
$0
$0
$1,000
e (Common at $0.20) $2,000
Common at $1.5) $2,600
ches its cap (Common at $2.0) $7,800
Warrants converts (Common at $3.0) $10,800
Break Point #1 Debt is repaid
Debt Principal
Debt Interest through OPM Term (a)
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as o
Break Point #2 After this break point, the Series A receives int
Break Point #1
Plus: Series A Interim LP
Plus: Series A Liquidation Dividend
Break Point #3 After this break point, the Series A receives rem
Break Point #1
Plus: Series A remaining LP
Plus: Series A Liquidation Dividend
Plus: Series A Warrants remaining Value
Break Point #4 After this break point, the $0.20 options exerci
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
23. Plus Break Point #3
Break Point #5 After this break point, the Series A and Series
Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1
Break Point #6 After this break point, the Series A and Series
Common at $3.0) Shares Outstanding
Strike Price
Subtotal
Less: Cash Proceeds from Option and Warrants Exercise
Plus Break Point # 1
24. io 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaid
After this break point, the Series A receives interim LP and Series A Warrants Exercise
After this break point, the Series A receives remaining value
After this break point, the Common and Series A receives value
After this break point, the $0.20 options exercise (Common at $0.20)
After this break point, the Series A and Series A Warrants reaches cap (Common at $1.5)
After this break point, the Series A and Series A Warrants converts (Common at $3.0)
$0
4.42% $0
Break Point #1 $0
licon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.
is break point, the Series A receives interim LP and Series A Warrants Exercise
$0
$1,000
$0
Break Point #2 $1,000
is break point, the Series A receives remaining value
$1,000
$500
$1,500
$500
$0
Break Point #3 $2,000
is break point, the $0.20 options exercise (Common at $0.20)
4,000
$0.20
$800
n and Warrants Exercise ($200)
25. $2,000
Break Point #4 $2,600
is break point, the Series A and Series A Warrants reaches cap (Common at $1.5)
4,000
$1.50
$6,000
n and Warrants Exercise ($200)
$2,000
Break Point #5 $7,800
is break point, the Series A and Series A Warrants converts (Common at $3.0)
4,000
$3.00
$12,000
n and Warrants Exercise ($1,200)
$0
Break Point #5 $10,800