Blum Holdings Inc (BLMH)

[Art Vandeley]

BREAKING DOWN 'Full Ratchet'
Full-ratchet anti-dilution protection allows an investor to have his or her percentage ownership remain the same as the initial investment.

For example, an investor who paid $2 per share for a 10% stake would get more shares in order to maintain that stake if a subsequent round of financing were to come through at $1 per share. The early round investor would have the right to convert his shares at the $1 price, thereby doubling his number of shares.

Read more: Full Ratchet Definition | Investopedia http://www.investopedia.com/terms/f/fullratchet.asp#ixzz4AQVw1azl
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