Effective date: [Month Day, Year]
Entity: Proposed Delaware C Corporation
Status: Pre-financing and subject to completion of incorporation documents
Persimmon Quest intends to establish a conventional venture-backed capitalization structure designed to support founder ownership, future team recruitment, accelerator participation, and institutional financing.
| Holder or allocation | Shares | % of outstanding | % fully diluted |
|---|---|---|---|
| Tanjim Mohamed Nirjhor, Founder and CEO | 4,080,000 | 51.00% | 45.33% |
| Muzayyana Akhmadjonova, Co-founder | 3,920,000 | 49.00% | 43.56% |
| Equity Incentive Plan | 1,000,000 | — | 11.11% |
| Authorized and unissued reserve | 1,000,000 | — | — |
| Total authorized shares | 10,000,000 | ||
| Total issued and outstanding | 8,000,000 | 100.00% | |
| Total fully diluted capitalization | 9,000,000 | 100.00% |
The proposed authorized capital consists of 10,000,000 shares of Common Stock with a par value of $0.00001 per share.
Of these shares, 8,000,000 are intended to be issued to the founders. The founders’ relative ownership will be divided 51% to Tanjim Mohamed Nirjhor and 49% to Muzayyana Akhmadjonova.
An additional 1,000,000 shares are intended to be reserved under an equity incentive plan for future employees, advisors, consultants, and other eligible contributors. Establishment of the plan and individual equity grants will remain subject to the required corporate approvals.
The remaining 1,000,000 shares will remain authorized but unissued. These shares are intended to provide flexibility for future financing, accelerator participation, strategic appointments, or other corporate purposes approved by the Board of Directors. Authorized but unissued shares are not currently owned, outstanding, or entitled to vote.
Founder shares are intended to be issued under restricted stock purchase agreements incorporating customary founder protections, including:
As of the effective date of this summary, Persimmon Quest has not issued any SAFEs, convertible notes, preferred stock, warrants, employee options, or other securities to outside investors or service providers, except as otherwise disclosed in the company’s definitive capitalization records.
Future financing transactions may dilute the ownership percentages shown above and may require the authorization or creation of additional shares or classes of preferred stock.