PTON ... check it out yourself ... "Strategic Alternatives" of the latest 10Q (about 2/3 down the report) ...
"The allocation agreement provides for the allocation to the holders of common stock of 12.75% of the first $135.0 million of net proceeds (with a minimum allocation to the common stock of at least $14.0 million), 15% of any additional net proceeds up to $145.0 million, 25% of any additional net proceeds up to $185.0 million and 20% of any additional net proceeds over $185.0 million."
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