Closest example I can think of is, and you've probably done it before, company makes a share buy offer to existing shareholders. Shares are at a discount price based on pps average for a range of days. You let your brokerage know how many you want. I had one of those last year. The average was based on 2 weeks, I think. Then the discount was factored in to get the final share price to buy at.
This SAFE was already decided before Moore took over. What's the intension of it though? I mean with SRAX when SRAX was getting out of FPVD. Give some extra financing?
It's been a busy day and the brain needs a rest. Enjoy the weekend & check back for possible news.
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