pro-forma-cap-table

name	pro-forma-cap-table
title	Pro Forma Capitalization Table
description	Drafts a pro forma capitalization table modeling ownership before and after a financing event or corporate transaction. Calculates dilution, conversion mechanics, option pool impacts, and ownership on as-converted and fully-diluted bases. Use when modeling seed rounds, Series A/B/C financings, convertible note or SAFE conversions, option pool expansions, stock splits, or cap table restructurings.
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/pro-forma-cap-table
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	corporate
language	en
tags	["analysis","drafting"]

Pro Forma Capitalization Table

Models a company's ownership structure before and after a contemplated transaction, showing dilution effects and economic implications for all stakeholders.

Prerequisites

1. Corporate documents — certificate of incorporation, stockholder agreements, option plans, convertible note/SAFE agreements, prior cap tables
2. Current share register — all holders by name, class, share count; outstanding options with exercise prices and vesting; warrants with terms
3. Preferred stock terms — liquidation preferences (multiple, participating/non-participating), anti-dilution provisions, conversion ratios, dividend rights per series
4. Transaction terms — investment amount, pre-money valuation, price per share, new investor allocations, option pool target, conversion mechanics (caps, discounts, interest)

Output Structure

Section 1: Header & Assumptions

Element	Detail
Company legal name	As registered with Secretary of State
Date of preparation	Current date
Designation	"PRO FORMA — not final or binding"
Reference date	Baseline capitalization date
Transaction type	Seed, Series [X], note conversion, pool expansion, etc.

Assumptions table:

Assumption	Value
Pre-money valuation	$ amount + derivation method
New capital raised	$ amount
Post-money valuation	$ amount
Price per share	Calculation: pre-money ÷ pre-money fully-diluted shares
Liquidation preference	Multiple + participating/non-participating
Anti-dilution	Weighted average / full ratchet / none
Option pool timing	Pre-money or post-money inclusion
Option pool target	% of post-transaction fully-diluted
Convertible instrument terms	Cap, discount, interest rate, MFN

Section 2: Pre-Transaction Capitalization