what are non dilutable shares

Non-dilutive shares are financial instruments that do not decrease the number of a companys shares outstanding, and therefore do not dilute the ownership of existing shareholders. Non-dilutive financing means that a company receives money for the business without giving away any ownership of the company itself. Examples of non-dilutive financing include loans from banks, grants from government agencies, and revenue-sharing arrangements. Non-dilutive shares are different from anti-dilution shares, which are shares that protect an investor against a down-round in the future. Anti-dilution provisions are clauses built into convertible preferred stocks to help shield investors from their investment potentially losing value.