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"When longtime stockholders sell, it puts a cap on the valuation," said Greg Schroeder, restaurant analyst at Josephthal & Company.
Munchery also refuted Bloomberg's source's claim that there would be a cap on the valuation, saying, "there is no cap on the valuation nor the convertible note, which is based on the principal amount raised".
Similar(58)
Separately, a valuation cap puts a ceiling on the valuation of the company such that the investor can ensure they get a certain percentage share of a company.
Opaque Ventures agrees to a $2.5 million SAFE with a 20percentt discount provision, and BlackBox Capital will invest $2.5 million in a SAFE that has a $10 million valuation cap on the company's pre-money valuation.
Screw the cap on securely.
This is a pure convertible note, we've heard from multiple sources, with no cap on valuation.
Selig-Prieb would not comment on the valuation.
It depends on the valuation you got.
JR designed and managed the valuation survey, conducted analysis and reported on the valuation exercise.
He put the cap on the marker.
Place back the cap on the valve.
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