NeoTech is a company founded by Gina. Gina owns 1 4 million common shares of NeoTech. Recently,
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NeoTech is a company founded by Gina. Gina owns million common shares of NeoTech. Recently, the company raised $ million from New Ventures VC in exchange for million preferred shares. The preferred shares are convertible on a oneforone basis initially with a annual accrued interest rate with a X participating liquidating preference.
The company is not expected to raise any further financing but is expected to be acquired in years for $ million.
How much will Gina receive in selling her shares with the sale of the company in years?
Express your answer in $ millions to two decimal places eg $ million should be expressed as
Answer:
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