A capitalisation table (or “cap table”) is a summary your company’s equity structure and who owns that equity.

It sets out the number and class of shares, options, convertibles and warrants that the company has issued and to whom they have been issued.

It shows the percentage of the company owned by the Shareholders, Option Holders, Convertible Holders and Warrant Holders and how their ownership vests over time.

As your company and its ownership is evolving quickly, and it is important to update your cap table each time the shareholders change or you issue new options or instruments.

It is not simply your company’s share register, as it includes not only the shares you have issued, but also the equity you have promised to issue under the options and convertible instruments.