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Moira

Good evening, Guest

Here's where Picap Inc. stands today.

Your 409A has expired Request a 409A

Fully diluted shares

6,250,000

5,668,029 outstanding shares

Current 409A

$4.4000

Effective date: Jan 1, 2024

Last post-money

$1.25M

Series Seed Preferred

Stakeholders

56

2 share classes

Ownership breakdown

Fully diluted, by holder group

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  • Founders 79.25%
  • Unallocated pool 8.29%
  • Employees 6.71%
  • Other 4.75%
  • Investors 1.00%

Needs your attention

29 convertible notes are past maturity $7,425,544 of principal and accrued interest fell due on June 30, 2026 and has not been repaid or converted. 3 grants were struck below fair market value 37,500 shares were priced under the 409A in force on the grant date. For an ISO that is a 409A exposure worth raising with counsel. No valid 409A valuation The most recent report expired on December 31, 2024. New option grants have no defensible strike price until a fresh valuation is issued. 27 securities are waiting on a signature Issued but not executed. Until the holder signs, the record is not an agreement. 4 option grants expire soon 64,063 unexercised shares lapse from October 23, 2026. Holders lose them if they do not exercise.
Approve the January 2025 409A ($3.02) High
0 awaiting signature Compliance

Capitalization

Fully diluted by security

Cap table
Security Shares Percent
Common 4,668,029 74.69%
Series Seed Preferred 1,000,000 16.00%
Options outstanding 64,063 1.03%
Options available (pool) 517,908 8.29%
Fully diluted 6,250,000 100.00%

409A history

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Largest holders

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Stakeholder Relationship Fully diluted Percent
DR DANIEL R. Founder 2,125,000 34.00%
HN HECTOR N. Founder 2,125,000 34.00%
FS FAHIM S. Founder 703,125 11.25%
KK KYLE K. Other 160,000 2.56%
SS Sebastian S. Former employee 86,955 1.39%
HP Harlyn P. Former employee 82,031 1.31%

Recent activity

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  1. 71 rows

    Guest Viewer · 5 minutes

  2. 71 rows

    Guest Viewer · 6 minutes

  3. CS-41 accepted

    Héctor Neira · about 7 hours

  4. CS-2

    Héctor Neira · about 7 hours

  5. CS-1

    Héctor Neira · about 16 hours

  6. CS-41

    Héctor Neira · about 16 hours

Option pool health

Equity plans
Picap Inc. 2019 Stock Incentive Plan 56.4% of the pool is allocated
64,063 outstanding 517,908 available

Financing history

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Round name Close date Amount raised Post-money valuation
Series Seed Preferred Apr 23, 2018 $250.0K $1.25M