Investment Proposed
| Total Investment - New Money | $2,000,000 | |
| Proposed Price per share | $25.00 | |
| Shares to be Issued for New Money | 80,000 | |
| Make-Up Shares ( for Q4-15 / Q1-16 Investors) | 15,967 | 1stRound investors will have 32600 shares for $815000 invested = $25 / share |
| Number of shares issued this investment | 95,967 | |
| Total Shares Issued & Outstanding - Post-Investment | 917,624 | |
| Proposed Post-Investment Valuation (at $25 / share) | $22,940,609 | |
| % Shares owned by New Money - post-investment | 8.7% | |
| % Shares owned by 1stRound Investors | 10.5% |
Commentary
The current financing goal is $2 million. The proposed price is $25 dollars per share. This will result in the issuance of 80,000 shares.
The commitment to the shareholders who invested at $49.00 per share requires the issuance of an additional 16,000 shares.
So the total shares allocated to this financing is 96,000.
This will bring the total issued, reserved and outstanding post-investment to 917,624 shares.
This is a post investment value of $23 million for the company and the new money investors will own 8.7% and the total owned by all the new investors will be 10.5%