Cap Table
Cap table & SAFEs
Engineered Nutrition LLC is a single-member company. Nino Polletta holds 100% of issued equity today. The pre-seed round is raised on pre-money SAFEs (20% discount, no valuation cap) that convert to equity at the next priced round.
Ownership today
Pre-financing
| Holder | Class | Ownership |
|---|---|---|
| Nino Polletta | Common (member units) | 100% |
| Option pool | Reserved | 0% |
No co-founders and no outside equity issued. SAFEs below are convertible securities, not yet shares.
The round
Pre-seed SAFE
28% secured · $110K of $400K · $290K open
InstrumentPre-money SAFE
Target raise$400,000
Secured to date$110,000
Minimum check$15,000
Discount20%
Valuation capNone
EligibilityAccredited · Reg D
SAFE ledger
Committed to date
Rinaldi · $50K
DiTullio · $50K
The Puricellis · $10K
Open · $290K
$50,000
John Rinaldi
Pre-money SAFE
$50,000
Robert DiTullio
Pre-money SAFE
$10,000
The Puricellis
Pre-money SAFE
$110,000
Total secured
of $400K · 28%
All SAFEs are on the same terms (20% discount, no valuation cap) and convert at the next priced round.
Notes
How conversion works
These are pre-money SAFEs with a 20% discount and no valuation cap. Investors convert to equity at the next priced round at a 20% discount to that round's price. New-money ownership is set by the priced round; Nino retains majority control. A detailed pro-forma is available on request.
Outstanding SBA loans (~$140K) are debt, not equity, and do not appear on the cap table. Full balance sheet is in the Financials folder.
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