Knowledge base What is a convertible note?

What is a convertible note?

Does a convertible note holder have a choice about converting a note in an equity financing round?
What happens to a convertible note if a company is acquired or merges with another company?
What does a “Most Favored Nation” clause in a convertible note do?
Numerical Example: $25k convertible note with $5M cap, no discount
Numerical Example: $25k convertible note with $5M cap, 20% discount
Numerical Example: $25k convertible note with no cap, 20% discount
Numerical example: $25k convertible note with 10% warrant coverage
What is warrant coverage in a convertible note?

Still need help?

Send us a Message