Proforma Cap Table

Proforma Cap Table

Proforma Cap table allows you to preview what your Cap table may look like in events like the conversion of convertible instruments or exercise of equity awards. The output presents a proforma view of a hypothetical cap table with the details of ownership reflected based on your assumption of inputs. 

A proforma Cap table offers: 

1.  Insights into the possible future state of ownership. 
2. Displays into the potential dilution on your Cap table following the conversion of convertible instruments 
3. Quantify different possibilities with different viable outcomes. 

To generate a Proforma Cap table:

1. Navigate to the ownership tab from the left panel and click on cap table.
2. Click on the proforma tab 
3. The Configuration for Proforma Cap table will then be displayed. 
4. Complete the configuration steps for Convertible Notes, Warrant Notes and Equity Awards, as required 
5. Click Yes in the Publish to all users field. 
6. Click Yes in the Display Proforma Cap table as the default view field. 

Convertible Notes 

For each convertible note, you can specify the following: 

1. Select the appropriate Conversion Date. This is the date on which the convertible note is being converted. You may utilize today’s date for illustrative purposes. 
2. Set the Conversion Price / Valuation (Fully Diluted Basis) by Price, Valuation-Pre Money, or Valuation-Post Money.
   

Warrants 

You can also view the potential impact of Warrants on the Cap table if they were exercised. For this, you need to specify the following: 

1. Select Yes in the Warrant: Assume to be exercised field. This displays all the warrants issued so far. 
2. Select Yes in the relevant Warrant class(es): Assume to be exercised field. 
3. Share Class: This was pre-defined when the Warrant class was set up. This is the Share Class to which the Warrants will convert.  
4. In the Exercise Price field, you can specify the amount in the appropriate Currency. 
     

Equity Awards 

This section allows you to visualize the impact of all Equity awards if they were vested, exercised, and shares were issued against them. You can specify the following: 

1. Select Yes in the Equity Awards: Assume to be exercised field if you want the Pro-forma Cap table to include the impact of Equity awards exercised and converted into shares 

1. Share awards 
2. Select Yes in the Allocated: Assume to be issued field: This will allow the pro forma Cap table to reflect the impact of shares being issued for all allocated Share awards.