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Should Fully Diluted Shares and % Fully Diluted include conversion shares for Outstanding Convertible Securities such as convertible notes or SAFE? #47

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Should Fully Diluted Shares and % Fully Diluted include conversion shares for Outstanding Convertible Securities such as convertible notes or SAFE?

As a data point the below points that "occasionally" it would be included:
Understanding your company's pre-money fully diluted capitalization: 4 items to consider

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