Set dilution before issuance

Set dilution for eligible contracts or individual investors before shares exist.

Last reviewed: 2026-08-25

Eligibility

Dilution can be set only for eligible contracts or investors that do not yet have issued shares for the position being adjusted.

Set dilution

1. Open the relevant unissued contract or investor position.
2. Choose the dilution action.
3. Enter the intended dilution treatment and review the ownership preview.
4. Save and reconcile the result with the financing terms before issuance.

Why the action may be unavailable

• The position already has issued shares.
• The contract type does not support the requested treatment.
• Your access level cannot change the cap table.
• The company is temporarily locked by an issuance workflow.