Legal
Capitalization
Fully diluted, illustrative. NDA-gated. Not a term sheet.
Jun 30, 2026
| Holder | Shares | % FD | Note |
|---|---|---|---|
| Founders (common) | 8,400,000 | 70.0% | Jordan Hale and Acme co-founder |
| Option pool (unissued) | 1,800,000 | 15.0% | Refreshed at seed close |
| Seed preferred | 1,800,000 | 15.0% | $3.2M invested · $18M post |
| Total fully diluted | 12,000,000 | 100% | Before the Series A |
Harbor Peak led the seed. Redwood Seed and Northline Capital followed. This table is the worked example so a fork has a complete legal page. Replace it with counsel's cap table before a real close.