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).
Published at
2025-03-15 05:06:21Event JSON
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"content": "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.\nIf 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). ",
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