The Class F share is not available to you. The logic underneath it is the most standard piece of Canadian private-company planning there is: an estate freeze. You exchange your existing common shares for fixed-value preferred shares (s. 86 or s. 51 rollover), and new growth common is issued to a family trust. Pair it with voting and non-voting classes and you have Anthropic’s arrangement at a scale of one: future growth accrues to other people, the ballot stays with you.

The thing worth acting on is the timing, not the mechanic. A freeze locks in today’s value as your frozen preferred. The cheaper the company is on the day you freeze, the more growth lands outside your estate. For a company roughly seven months old, the valuation you would be freezing is close to the lowest it will ever be. Every month of traction makes this more expensive to do and less worth doing.