Founder Tools
Dilution Simulator
Redemptions decide how much cash you actually receive. Model the full structure — trust, redemptions, PIPE, promote and fees — before you sign a letter of intent.
Transaction Inputs
Estimated cash received
$212M
Founder ownership
73.5%
Total dilution
26.5%
Capital gap
+$12M
Pro-forma Ownership
- Founders & existing holders73.5%
- SPAC public shareholders10.2%
- PIPE investors11.7%
- Sponsor promote4.5%
Transaction Structure
| Trust size | $300M |
| Less redemptions (65%) | -$195M |
| Trust remaining | $105M |
| PIPE proceeds | +$120M |
| Gross proceeds | $225M |
| Fees & expenses (6%) | -$14M |
| Net cash to company | $212M |
| Post-money valuation | $1025M |
Illustrative model on demonstration data. Excludes earnouts, warrant dilution, forward-purchase agreements and backstop arrangements. Not investment or legal advice.