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Issue shares through a note conversion
Issue shares through a note conversion

How do I convert my noteholders to shareholders?

Elin Frid avatar
Written by Elin Frid
Updated over a week ago

When it's time to convert your noteholders to shareholders follow the steps below -

  1. Go to Captable in the main menu, then go to the Note holders tab

  2. Click on the relevant Note holders name in the list

  3. Click More on the right hand side and select More and then Convert in the drop down menu.

  4. Once converted, the noteholder will now show up as a Shareholder in the Shares tab of your Cap table. If you wish, you can now also issue the share certificate.


There will be two options when converting the note:

  • Convert (Auto) - This option will calculate the number of shares to be issued based on the Note details added when the Note was originally added to your account ie. Valuation Cap, Discount Rate, Interest Rate, etc.
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  • Convert (Manual) - This option will allow you to override the platforms calculations and manually enter the number of shares to be issued and the date of conversion.


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