What is Nostr?
Ape Mithrandir
npub16ds…h6vy
2025-03-15 05:06:21
in reply to nevent1q…lyvy

Ape Mithrandir on Nostr: Depends on the note terms and conversion. If it is an upside only note where the note ...

Depends on the note terms and conversion. If it is an upside only note where the note holder owns the option to convert then you will have seniority over the equity holders.
If the convertible has a downside option exercisable by the company then you will get converted to stock and put on par with equity holders (these were commonly known as COCOs).
Author Public Key
npub16dsu2ghu9yd363utyw7dejqc8rgx5ps7r4hxddrvx2x64dh73p7qqkh6vy