Anti-Dilution
Last updated
Last updated
Anti-Dilution define the minimum price at which a specific class of shares can be issued, i.e. the floor price. Once the price is lower than the floor price, the obligor (usually the controlling shareholder) should give certain number of shares to the right holder for free in order to lower the right holder's investment cost, enabling the cost of the right holder's investment equal to the lower price of the newly issued shares.
The Anti-Dilution term defines the benchmark price object and a price ruler mapping table using a "share class -> benchmark price object" structure, as well as a list of share class numbers which applies anti-dilution term.
Attribute
Commercial and Legal Meaning
classOfShare
The number of share class.
floorPrice
Minimum price.
obligors
List of obligor user numbers.
Attribute
Commercial and Legal Meaning
marks
Price benchmark object mapping table.
classes
List of share classes (enumerable sets).
API Name
Function and Usage
isMarked
Query whether a specific class of shares has set a minimum limit on the additional issued shares.
getClasses
Get a list of all the class numbers of shares for which anti-dilution term have been set.
getFloorPriceOfClass
Get the minimum price for a specific class of shares.
getObligorsOfAD
Get a list of all obligor user numbers for a specific class of shares.
isObligor
Query whether a specific numbered user is an obligor under the anti-dilution term for a specific class of shares.
getGiftPaid
Calculate the amount of paid-in contribution to be granted for free by the obligor, by additional issue transactions by specific number under specific investment agreements, and underlying share number.
isTriggered
Query whether the anti-dilution term has been triggered by the specific transaction object and the underlying share number.
