Boring Company Series D Capital Dilution & Valuation Modeling Workbench

Post-Money Valuation $23.00B Pre-Money $20.00B + New Inv $3.00B

Series D Dilution 13.04% New shares issued / Post-Money

UAE Effective Stake 7.17% $1.65B Lead Investment

Implied Share Price $2.30 Normalized to 10.0B baseline units

Round Parameters & Syndicate Syndicate: 100%

Pre-Money Valuation ($B) $20.00B

Series D Investment Size ($B) $3.00B

Employee Option Pool Reserve 10.0%

United Arab Emirates (Lead) 55.0% ($1.65B)

Human Capital 12.0% ($0.36B)

Vy Capital 11.0% ($0.33B)

Valor Equity Partners 11.0% ($0.33B)

Sequoia Capital 11.0% ($0.33B)

Stakeholder Group	Invested ($B)	Post-Money %	Value ($B)

Projected Liquidity / Exit Valuation ($B) $100.00B

At $100B Exit: UAE return is $7.17B (4.3x MOIC), Pre-Series D Equity pool is $76.96B.

Model State Ready • Verification Passed