① Click on +Add, then on Securities, finally choose Convertible note
② Fill in the name and details of the security
Refer to your legal documentation, it will specify :
- The name of the security
- The date of first issue (date of the AGM which decided to issue the share)
- The underlying share : to which share does the exercise of a Convertible note entitle the holder
- The impact of a subdivision
- The conversion ratio : the number of underlying shares to which the exercise of a Convertible note entitles the holder → if know (otherwise tick appropriate toggle)
- Phantom Share expiration date
⚠️ In the next step, the note creation workflow asks you to add a vesting schedule. In most cases, you can leave this parameter unchecked, as convertible notes do not have a vesting schedule.
