Cram Down
A round of financing which, because the price for the securities is below earlier prices, is dilutive, meaning the percentage ownership of the earlier investors is crammed down. A cram down is also sometimes called a burn out.
A round of financing which, because the price for the securities is below earlier prices, is dilutive, meaning the percentage ownership of the earlier investors is crammed down. A cram down is also sometimes called a burn out.