Convertible Note

This article describes the convertible note document and how you can access it on Savvi.

Signatures Required:

Company Signatory



An investment instrument that functions as a loan (with interest and a maturity date), that carries the right to convert into equity at a future event. Typically, a convertible note will convert in a "Qualified Financing" and will often convert into preferred stock at a discount (a "conversion discount") or at a fixed valuation (a "valuation cap").

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