$9\mathrm{.}1$Suppose that it is one year after EBV$$s investment in Newco $($using the CP structure from Exercise $8\mathrm{.}2,$ above$),$ and Talltree makes a Series B investment for $6$M shares of Newco at $$0\mathrm{.}2$ per share.

Following the Series B investment, what percentage of Newco $($fully diluted$)$ would be controlled by EBV? Consider the following cases:

Case I: Series A has no antidilution protection.

Use the information listed in $9\mathrm{.}1($a$).$

Following the Series B investment, what percentage of$$Newco$($fully diluted$)$ would be controlled by EBV? Consider the following cases:

Case II: Series A has full$-$ratchet antidilution protection.

Case III: Series A has broad$-$base weighted$-$average antidilution protection.

Case IV: Series A has narrow$-$base weighted$-$average antidilution protection.