Advance Subscription Agreement (ASA)

Fully diluted shares are the total outstanding shares a company would have after all dilutive securities, such as convertible preferred stock and warrants, have been assumed as converted or exercised.

Intrinsic value is a measurement of an asset’s actual worth, regardless of its market value. To understand this concept, it is vital to understand the difference between intrinsic value and market value.

A secondary sale refers to the sale of existing securities or assets, such as shares of stock, from one investor to another within the secondary market. Unlike primary sales, where funds raised from issuing new securities go directly to the issuing company (such as in an IPO or initial public offering), in a secondary sale, the funds go to the selling shareholder, not to the company whose shares are being traded.