Capitalization Table Template

Cells in BLUE are inputs - only enter number into these cells
Cells in BLACK are formulas, and should not be altered
 Capitalization Table Prior to Investment
Common Common
Shareholder Stock Options Fully Diluted % FD
Chi Nnadi 5,400,000 - 5,400,000 45.0%
Julie Bissinger 1,200,000 1,200,000 10.0%
Godwin Nnadi 1,200,000 1,200,000 10.0%
Andrew Dell 600,000 600,000 5.0%
SI 600,000 600,000 5.0%
Seed 0.0%

- - 0.0%
- - 0.0%
Pre-Investment Option Pool 3,000,000 3,000,000 25.0%
Total 12,000,000 - 12,000,000 100%

Cap Table Summary

Shareholder Fully Diluted % FD
Employees 5,400,000 45.0%
Advisors 3,600,000 30.0%
Option Pool 3,000,000 25.0%
TOTAL 12,000,000 100.0%

Security Defin
Common Options: Frequently issued to employees, board members, and advisors. Common options provide the holder with the
Common Stock: Frequently held by employees who have exercised their vested options or by founders.
Preferred Stock: Preferred stock is commonly issued to investors, for example in Series A and B rounds.
 Security Definitions
ns provide the holder with the right to purchase a share of the company's common stock for a fixed price in the future (strike price).
n the future (strike price).
 Note Inputs Note Calc
Date of Interest Date of
Investor Principal Discount Cap
Issuance Rate Series A
Angel #1 $ 3,000,000 7/1/2019 0.0% 20.0% 6/1/2020
Angel #2 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #3 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #4 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #5 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #6 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #7 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #8 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #9 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #10 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Total $ 3,000,000
Angel #1 $ 3,000,000 7/1/2019 0.0% 20.0% $ - 6/1/2020
Angel #2 $ - 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angel #3 $ - 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Angels #4-10 $ - 1/1/2015 8.0% 20.0% $ 4,000,000 6/1/2020
Total $ 3,000,000
If your company is not receiving angel investment, enter zero for each angel investment in cells B9 through B18
If your notes do not have discount or cap, enter zero for each in cells E9 through F12 (some notes do not have a discount or a c
If you are using a SAFE, enter zero for interest rate in cell D9 through D12
Investors of notes 5 through 10 are assumed to have the same interest rate, discount rate and cap as the investor of note 4; do n
 Note Calculations
Days Interest Principal Plus
Note Held Accured Interest
336 $ - $ 3,000,000
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
$ - $ 3,000,000
336 $ - $ 3,000,000
1978 $ - $ -
1978 $ - $ -
1978 $ - $ -
$ - $ 3,000,000
through B18
do not have a discount or a cap)

s the investor of note 4; do not edit cells D13 through F18

 Series A INPUTS
Date of Funding 6/1/2020
Pre-Money Valuation $ 48,000,000
Option Pool Expansion (added prior to Series A share price calculation) 1,500,000
Option Pool % of Fully Diluted after Financing 25.1%
Shares Prior to A Round 13,500,000
Share Price $ 3.5556

Investor Conv. Note New $ Total

Angel #1 $ 3,000,000 $ - $ 3,000,000
Angel #2 $ - $ - $ -
Angel #3 $ - $ - $ -
Angels #4-10 $ - $ - $ -
Series A Lead Investor $ 12,000,000 $ 12,000,000
Series A Other Investors $ - $ -
Total Series A Cash $ 3,000,000 $ 12,000,000 $ 15,000,000

Investor Conv. Note New $ Total

Angel #1 $ 3,750,000 $ - $ 3,750,000
Angel #2 $ - $ - $ -
Angel #3 $ - $ -
Angels #4-10 $ - $ -
Series A Lead Investor $ 12,000,000 $ 12,000,000
Series A Other Investors $ -
Total Series A Value $ 3,750,000 $ 12,000,000 $ 15,750,000
Post Money Valuation $ 63,750,000

Common
Common Common Total Common % Common
Shareholder Stock Options Securities Securities
Chi Nnadi 5,400,000 - 5,400,000 40.0%
Julie Bissinger 1,200,000 - 1,200,000 8.9%
Godwin Nnadi 1,200,000 - 1,200,000 8.9%
Andrew Dell 600,000 - 600,000 4.4%
SI 600,000 - 600,000 4.4%
0 - - - 0.0%
0 - - - 0.0%
Pre-Investment Option Pool 3,000,000 - 3,000,000 22.2%
Srs A Option Pool Expansion - 1,500,000 1,500,000 11.1%
Angel #1 - - - 0.0%
Angel #2 - - - 0.0%
Angel #3 - - - 0.0%
Angels #4-10 - - - 0.0%
Series A Lead Investor - - - 0.0%
Series A Other Investors - - - 0.0%
Total 12,000,000 1,500,000 13,500,000 100%
 Cap Table Pre-Investment & Post-Series A
Summary Option Pool Expansion
Fully Diluted FD % Fully Diluted FD %
Employees 5,400,000 45.0% 5,400,000 30.1%
Advisors 3,600,000 30.0% 3,600,000 20.1%
Option Pool 3,000,000 25.0% 4,500,000 25.1%
Angel Investors 1,054,688 5.9%
Srs A Investors 3,375,000 18.8%
TOTAL 12,000,000 100.0% 17,929,688 100%

Note Conversio
Principal & Conversion Conversion Series A
Investor Interest Discount Cap Price
Angel #1 $3,000,000 20.0% $ - $ 3.56
Angel #2 $0 20.0% $ 4,000,000 $ 3.56
Angel #3 $0 20.0% $ 4,000,000 $ 3.56
Angels #4-10 $0 20.0% $ 4,000,000 $ 3.56

Series A Total Securities

Actual $ Issue Series A % of Total % Fully
Invested Value Shares Series A Securities Diluted
$ - $ - - 0.0% 5,400,000 30.1%
$ - $ - - 0.0% 1,200,000 6.7%
$ - $ - - 0.0% 1,200,000 6.7%
$ - $ - - 0.0% 600,000 3.3%
$ - $ - - 0.0% 600,000 3.3%
$ - $ - - 0.0% - 0.0%
$ - $ - - 0.0% - 0.0%
$ - $ - - 0.0% 3,000,000 16.7%
$ - $ - - 0.0% 1,500,000 8.4%
$ 3,000,000 $ 3,750,000 1,054,687 23.8% 1,054,687 5.9%
$ - $ - - 0.0% - 0.0%
$ - $ - - 0.0% - 0.0%
$ - $ - - 0.0% - 0.0%
$ 12,000,000 $ 12,000,000 3,375,000 76.2% 3,375,000 18.8%
$ - $ - - 0.0% - 0.0%
$ 15,000,000 $ 15,750,000 4,429,687 100% 17,929,687 100%
Note Conversion
Conv. Price Conv. Price Series A Series A Issue Effective Series A Value
at Discount at Cap Shares Value Discount to Cash Invested
$ 2.84 n/a 1,054,687 $ 3,750,000 n/a 1.25x
$ 2.84 $ 0.30 - $ - 91.7% n/a
$ 2.84 $ 0.30 - $ - 91.7% n/a
$ 2.84 $ 0.30 - $ - 91.7% n/a
 Series B INPUTS
Series A Post-Money Valuation $ 63,750,000
Valuation Step-Up 213.7%
Series B Pre-Money Valuation $ 200,000,000
Option Pool Expansion (prior to Series B share price calculation) 6,000,000
Option Pool % of Fully Diluted after Financing 35.1%
Shares Prior to B Round 23,929,688
Share Price $ 8.36

Investor New $
Angel #1 $ -
Angel #2 $ -
Angel #3 $ -
Angels #4-10 $ -
Series A Lead Investor
Series A Other Investors
Series B Lead Investor $ 50,000,000
Series B Other Investors
Total Series B Value & Cash $ 50,000,000
Post Money Valuation $ 250,000,000

Common
Common Common Total Common % Common
Shareholder Stock Options Securities Securities
Chi Nnadi 5,400,000 - 5,400,000 27.7%
Julie Bissinger 1,200,000 - 1,200,000 6.2%
Godwin Nnadi 1,200,000 - 1,200,000 6.2%
Andrew Dell 600,000 - 600,000 3.1%
SI 600,000 - 600,000 3.1%
0 - - - 0.0%
0 - - - 0.0%
Pre-Investment Option Pool 3,000,000 - 3,000,000 15.4%
Srs A Option Pool Expansion - 1,500,000 1,500,000 7.7%
Srs B Option Pool Expansion - 6,000,000 6,000,000 30.8%
Angel #1 - - - 0.0%
Angel #2 - - - 0.0%
Angel #3 - - - 0.0%
Angels #4-10 - - - 0.0%
Series A Lead Investor - - - 0.0%
Series A Other Investors - - - 0.0%
Series B Lead Investor - - 0.0%
Series B Other Investors - - - 0.0%
Total 12,000,000 7,500,000 19,500,000 100%
 Cap Table Pre-Investment & Post-Series A, Pre-Series Post-Series B
Summary Option Pool Expansion B Option Pool Expansion
Fully Diluted FD % Fully Diluted FD % Fully Diluted
Employees 5,400,000 45.0% 5,400,000 30.1% 5,400,000
Advisors 3,600,000 30.0% 3,600,000 20.1% 3,600,000
Option Pool 3,000,000 25.0% 4,500,000 25.1% 10,500,000
Angel Investors 1,054,688 5.9% 1,054,688
Srs A Investors 3,375,000 18.8% 3,375,000
Srs B Investors - 0.0% 5,982,422
TOTAL 12,000,000 100.0% 17,929,688 100% 29,912,109

Series A Series B Total Securities

Series A % of Series B Series B % of Total
Shares Series A Investment $ Shares Series B Securities
- 0.0% $ - - 0.0% 5,400,000
- 0.0% $ - - 0.0% 1,200,000
- 0.0% $ - - 0.0% 1,200,000
- 0.0% $ - - 0.0% 600,000
- 0.0% $ - - 0.0% 600,000
- 0.0% $ - - 0.0% -
- 0.0% $ - - 0.0% -
- 0.0% $ - - 0.0% 3,000,000
- 0.0% $ - - 0.0% 1,500,000
0.0% $ - - 0.0% 6,000,000
1,054,688 23.8% $ - - 0.0% 1,054,688
- 0.0% $ - - 0.0% -
- 0.0% $ - - 0.0% -
- 0.0% $ - - 0.0% -
3,375,000 76.2% $ - - 0.0% 3,375,000
- 0.0% $ - - 0.0% -
- 0.0% $ 50,000,000 5,982,422 100.0% 5,982,422
 - 0.0% $ - - 0.0% -
4,429,688 100% $ 50,000,000 5,982,422 100% 29,912,109
 Post-Series B

FD %
18.1%
12.0%
35.1%
3.5%
11.3%
20.0%
100%

Total Securities
% Fully
Diluted
18.1%
4.0%
4.0%
2.0%
2.0%
0.0%
0.0%
10.0%
5.0%
20.1%
3.5%
0.0%
0.0%
0.0%
11.3%
0.0%
20.0%
0.0%
100%
 350000000

300000000

250000000

200000000
Value ($)

150000000

100000000

12000000
50000000 3750000
16000000
12800000
19200000
0 0
Series A

Series B $19,200,000 $12,800,000 $16,000,000 $3,750,000 $12,000,000 $-

$45,132,223 $30,088,149 $87,757,101 $8,814,887 $28,207,640 $50,000,000
 19200000
0 0
Series A

Series B $19,200,000 $12,800,000 $16,000,000 $3,750,000 $12,000,000 $-

$45,132,223 $30,088,149 $87,757,101 $8,814,887 $28,207,640 $50,000,000

Cap Table Series A Series B

After Fully Diluted FD % Value Fully Diluted FD % Value
Employees 5,400,000 30.1% $ 19,200,000 5,400,000 18.1% $ 45,132,223
Advisors 3,600,000 20.1% $ 12,800,000 3,600,000 12.0% $ 30,088,149
Option Pool 4,500,000 25.1% $ 16,000,000 10,500,000 35.1% $ 87,757,101
Angel Investors 1,054,688 5.9% $ 3,750,000 1,054,688 3.5% $ 8,814,887
Srs A Investors 3,375,000 18.8% $ 12,000,000 3,375,000 11.3% $ 28,207,640
Srs B Investors - 0.0% $ - 5,982,422 20.0% $ 50,000,000
TOTAL 17,929,688 100% $ 63,750,000 29,912,109 100% $ 250,000,000
 Common Series A CapSeries
Common TableA Series A Fully Diluted % Fully
Shareholder Shares Options Shares % Shares Diluted
Chi Nnadi 5,400,000 - - 0.0% 5,400,000 30.1%
Julie Bissinger 1,200,000 - - 0.0% 1,200,000 6.7%
Godwin Nnadi 1,200,000 - - 0.0% 1,200,000 6.7%
SI 600,000 - - 0.0% 600,000 3.3%
0 - - - 0.0% - 0.0%
0 - - - 0.0% - 0.0%
Andrew Dell 600,000 - - 0.0% 600,000 3.3%
Pre-Investment Option Pool 3,000,000 - - 0.0% 3,000,000 16.7%
Srs A Option Pool Expansion - 1,500,000 - 0.0% 1,500,000 8.4%
Angel #1 - - 1,054,688 23.8% 1,054,688 5.9%
Angel #2 - - - 0.0% - 0.0%
Angel #3 - - - 0.0% - 0.0%
Angels #4-10 - - - 0.0% - 0.0%
Series A Lead Investor - - 3,375,000 76.2% 3,375,000 18.8%
Series A Other Investors - - - 0.0% - 0.0%
Total 12,000,000 1,500,000 4,429,688 100.0% 17,929,688 100.0%
 Common Common Series A Series B Cap
Series A Table Series B Series B Total Fully Diluted
Shareholder Shares Options Shares % Shares % Preferred % Shares
Chi Nnadi 5,400,000 - - 0.0% - 0.0% 0.0% 5,400,000
Julie Bissinger 1,200,000 - - 0.0% - 0.0% 0.0% 1,200,000
Godwin Nnadi 1,200,000 - - 0.0% - 0.0% 0.0% 1,200,000
SI 600,000 - - 0.0% - 0.0% 0.0% 600,000
0 - - - 0.0% - 0.0% 0.0% -
0 - - - 0.0% - 0.0% 0.0% -
Andrew Dell 600,000 - - 0.0% - 0.0% 0.0% 600,000
Pre-Investment Option Pool 3,000,000 - - 0.0% - 0.0% 0.0% 3,000,000
Srs A Option Pool Expansion - 1,500,000 - 0.0% - 0.0% 0.0% 1,500,000
Srs B Option Pool Expansion - 6,000,000 - 0.0% - 0.0% 0.0% 6,000,000
Angel #1 - - 1,054,688 23.8% - 0.0% 10.1% 1,054,688
Angel #2 - - - 0.0% - 0.0% 0.0% -
Angel #3 - - - 0.0% - 0.0% 0.0% -
Angels #4-10 - - - 0.0% - 0.0% 0.0% -
Series A Lead Investor - - 3,375,000 76.2% - 0.0% 32.4% 3,375,000
Series A Other Investors - - - 0.0% - 0.0% 0.0% -
Series B Lead Investor - - - 0.0% 5,982,422 100.0% 57.5% 5,982,422
Series B Other Investors - - - 0.0% - 0.0% 0.0% -
Total 12,000,000 7,500,000 4,429,688 100.0% 5,982,422 100.0% 100.0% 29,912,109
 Fully
Diluted %
18.1%
4.0%
4.0%
2.0%
0.0%
0.0%
2.0%
10.0%
5.0%
20.1%
3.5%
0.0%
0.0%
0.0%
11.3%
0.0%
20.0%
0.0%
100.0%