A Round of Financing Where Shares Sell for a Lower

question 58

Multiple Choice

A round of financing where shares sell for a lower price than previous rounds is known as a:

• A) down round
• B) recessive round
• C) reset round
• D) a and c

---

Definitions:

Extended Coverage

An insurance policy feature that provides additional benefits or extends coverage beyond the basic terms of the policy.

Tort of Negligence

A legal claim arising when one party's failure to exercise reasonable care results in harm or damage to another party.

Plaintiff

The party who initiates a lawsuit in civil court proceedings.

Defendant

A person or entity against whom a lawsuit is filed in a court of law.