How is the number of shares that Propel Capital receives after conversion calculated?

Propel Capital’s investment converts in two parts: • 400 SEK converts with a 30% risk discount on the terms of your next qualified financing round, with a valuation cap of 20 million SEK. • 200 SEK converts on the same terms as the round, without a discount or cap. The number of shares is calculated based on the valuation and terms of the round at the time of conversion.