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ASA scenario calculator
Model how discounts and valuation caps affect the number of shares your ASA investor receives at conversion. Adjust the terms to compare different scenarios.
ASA Scenario Modeller
See how different terms affect the number of shares your ASA investor receives.
Optional ASA Terms
Without a discount or valuation cap, the ASA converts at the same subscription price as all investors in the priced round. At the longstop date, conversion uses the longstop valuation.
When a discount or cap is applied, the ASA investor converts at whichever gives the lower price per share (more shares). At the longstop date, discount and cap are irrelevant - the longstop valuation always applies.
| Scenario | No terms | Shares | Price / share | Shares |
|---|---|---|---|---|
| Funding round at £1,500,000 | £562.43 | 88 | £562.43 | 88 |
| Longstop at £1,200,000 | £449.94 | 111 | £449.94(longstop) | 111 |
ASA terminology and conversions can be confusing. Our guide breaks down what it all means, how investors receive their shares, and how pricing is determined.
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