Convertible notes are a form of debt with a senior position in a company’s capital structure and a feature whereby the notes may convert to equity following achievement of certain milestones according to their convertible terms. The steps below outline how to set up convertible terms.
Navigate to the Securities Terms page to create convertible terms
Sign in to Cyndx and go to the Owner tab
On the left-hand navigation bar, click the Securities drop down
From the drop down menu, click on Securities Terms
On the Securities Terms page, click the Convertible Terms tab
Click + Create Convertible Terms
Create Convertible Terms
6. Fill in the required details
7. Click Create
Example
Create Convertible Terms
See also: After I create new convertible terms, how do I draft new convertibles?
Read more on convertibles in our Cap Table Glossary