Glossary

Broad-Based Weighted-Average Anti-Dilution Protection

Broad-based Weighted Average Anti-Dilution Protection is anti-dilution protection that takes into account all equity previously issued and being issued in the transaction in question when determining the new weighted average price for the old shares, in contrast to narrow-based weighted average anti-dilution protection which takes into account only the total number of outstanding preferred stock. It is generally seen as more company-friendly than Narrow-based Anti-Dilution Protection.