The current CFG total supply is approximately 697.16M tokens. CP172 states that 1 CFG can be subscribed for 1 share. Could the team clarify the intended total and fully diluted number of shares outstanding immediately after the conversion?
Specifically, will the 697.16M CFG supply correspond to the total number of shares available to CFG holders, or will there also be additional shares reserved/issued for existing stakeholders, employees, investors, future financing rounds or other purposes?
For CFG holders, the key question is not only “1 CFG = 1 share”, but what percentage of Centrifuge Inc. those shares represent on a fully diluted basis.
For example, if I hold 112,000 CFG, will this represent 112,000 / 697.16M = approximately 0.0161% of the company, or will the denominator be larger?
I believe this information is essential for CFG holders to evaluate whether the proposed conversion is economically attractive.