{"@context":"https://schema.org","@type":"DefinedTerm","identifier":"startup.full-ratchet-anti-dilution","name":"Full-ratchet anti-dilution","alternateName":["full ratchet"],"description":"An anti-dilution mechanism resetting the conversion price to the lowest new issuance price, largely regardless of amount issued.","disambiguatingDescription":"Here “Full-ratchet anti-dilution” means: An anti-dilution mechanism resetting the conversion price to the lowest new issuance price, largely regardless of amount issued.","url":"https://pitch.dog/startupwords/terms/full-ratchet-anti-dilution/","inDefinedTermSet":"https://pitch.dog/startupwords/","edition_status":"research-preview","family_version":"0.18.0","machine_readable_notice":"Definitions are educational reference material. Context, jurisdiction and professional practice may change the correct interpretation."}