Flash Technologies plc has raised £14 million in a Series A round with £42 million post- money value and a 2x liquidation preference, and £29 million in a Series B round with a £73 million post-money value and a 2.5x liquidation preference plus seniority over Series A. What will Series A, Series B, and common shareholders receive if the company is sold for £200 million?
Flash Technologies plc has raised £14 million in a Series A round with £42 million post- money value and a 2x liquidation preference, and £29 million in a Series B round with a £73 million post-money value and a 2.5x liquidation preference plus seniority over Series A. What will Series A, Series B, and common shareholders receive if the company is sold for £200 million?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Flash Technologies plc has raised £14 million in a Series A round with £42 million post- money value and a 2x liquidation preference, and £29 million in a Series B round with a £73 million post-money value and a 2.5x liquidation preference plus seniority over Series A. What will Series A, Series B, and common shareholders receive if the company is sold for £200 million?
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