Startup acquired prior to my start date. What does this mean for my equity?

[Albert]

Startup acquired prior to my start date. What does this mean for my equity?

The startup I’m set to join in a few days has entered into an agreement to be acquired but may not go through for many months. I’ve already signed to join them awhile back.

Would it be possible that this sets a new strike price for my options if my option grant date hasn’t happened yet? If the original agreement is honored this can be great news, but if not, I could be in a substantially worse position comp-wise, no?

Has anyone been in a similar position before? How did it pan out?

submitted by /u/reddstaw
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