🍵Anti-Dilution

Function and Usage

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.

Members and attributes

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.

Price Benchmark Objects

Structure of Price Benchmark Objects

Meaning of Price Benchmark Object Attributes

Attribute	Commercial and Legal Meaning
classOfShare	The number of share class.
floorPrice	Minimum price.
obligors	List of obligor user numbers.

Price ruler objects

Structure of price ruler objects

Meaning of Price Ruler Object Attributes

Attribute	Commercial and Legal Meaning
marks	Price benchmark object mapping table.
classes	List of share classes (enumerable sets).

Query API

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.

Source Code

Anti-Dilution