Converting Convertibles

This article explains how to convert convertible bonds, notes, SAFE notes, KISS, bond warrants on QuotaBook.

‍

Convert Convertibles

Navigate to : [Securities] → [Convertibles]

‍

1. Select [Convert Convertibles].

Select the convertibles class you would like to convert. You can convert convertibles in bulk by ticking multiple boxes. Select [Next: Fill in conversion details] to input details of the conversion.

‍

2. Fill out the conversion details in each field and select [Convert].

• Convertible conversion details

          ∘ Conversion Date

          ∘  Price Per Share

          ∘  Number of Shares

          ∘  Share Type for Conversion

          ∘  Documents (if needed)

‍

💡 Notes

1. If your company repays the convertibles in cash instead of converting them into shares, please put 0 for both price and quantity.

2. For convertible notes, please enter the principal including accrued interest.

‍

Convertible conversion completed

• Once converted convertible status changes from ‘Outstanding’ to ‘Completed’, you can view the conversion details by clicking on each row. Hit linked share ID to see the details of the converted shares.

List of shareholders instantly updated after the conversion

‍

Read Next

• Financing Simulation