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Dictionary by pitch.dog
Term-sheet economics · Working

Weighted-average anti-dilution

Also called: weighted average adjustment

ELI5

A down-round adjustment that considers price and size.

Used in conversation

“Broad-based weighted-average anti-dilution is the proposed standard.”

Definition

An anti-dilution adjustment reflecting both the lower price and number of shares issued.

Here “Weighted-average anti-dilution” means: An anti-dilution adjustment reflecting both the lower price and number of shares issued.

Pitch context

You will see “Weighted-average anti-dilution” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches term-sheet economics.

Why it matters: In term-sheet economics, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 5

Direct term-level sources and supporting source families.