{
  "$schema": "http://json-schema.org/draft-07/schema",
  "$id": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/objects/transactions/adjustment/StockClassConversionRatioAdjustment.schema.json",
  "title": "Object - Stock Class Conversion Ratio Adjustment Transaction",
  "description": "Object describing the conversion ratio adjustment of a stock class that has a RatioConversionMechanism conversion mechanism where there was an actual repricing due to a down-round. The actual determination of the new conversion ratio / conversion price is calculated outside of OCF, so the specific mechanism - e.g. broad-based weighted-average anti-dilution protection vs. full ratchet anti-dilution protection.",
  "type": "object",
  "allOf": [
    {
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/objects/Object.schema.json"
    },
    {
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/objects/transactions/Transaction.schema.json"
    },
    {
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/objects/transactions/StockClassTransaction.schema.json"
    }
  ],
  "properties": {
    "object_type": {
      "const": "TX_STOCK_CLASS_CONVERSION_RATIO_ADJUSTMENT"
    },
    "id": {},
    "comments": {},
    "date": {},
    "stock_class_id": {},
    "new_ratio_conversion_mechanism": {
      "description": "New conversion ratio mechanism describing new conversion price and conversion ratio in effect following a repricing - based on original issue price to new conversion price (provided in this transaction). For 2-for-1 split the numerator of the ratio is 2 and the denominator is 1.",
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_mechanisms/RatioConversionMechanism.schema.json"
    }
  },
  "additionalProperties": false,
  "required": ["new_ratio_conversion_mechanism"],
  "$comment": "Copyright © 2025 Open Cap Table Coalition (https://opencaptablecoalition.com) / Original File: https://github.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/tree/main/schema/objects/transactions/adjustment/StockClassConversionRatioAdjustment.schema.json"
}