Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the difference between partial ratchet and full ratchet antidilution protection?
What is the difference between partial ratchet and full ratchet antidilution protection?
- Partial ratchet lowers the conversion/exercise price to equal the issuance/conversion price of a subsequent issuance, while full ratchet does not adjust the conversion/exercise price
- Partial ratchet and full ratchet are the same thing
- Partial ratchet lowers the conversion/exercise price to equal the issuance/conversion price of a subsequent issuance, while full ratchet reduces it partially
- Partial ratchet reduces the conversion/exercise price partially, while full ratchet lowers it to equal the issuance/conversion price of a subsequent issuance (correct)
