How do I edit a convertible on the Cap Table?

The way to edit a convertible from your cap table depends on how it was created or added to your cap table originally.

Convertible positions that were generated using Clara's document generation tool are linked to a document in the data room, this document must be updated first. You can only make changes to the document before it has been sent for signature. If it has already been sent for signature, you will have to void or delete the document and regenerate it.

Convertible positions that were manually added to your cap table can simply be edited directly on the cap table.

Clara Convertible Note

When you generate a convertible note on Clara, a record of that convertible note will be linked to the legal document in the data room and locked in cap table.

Follow the steps below to edit a Clara convertible note that has not been signed

1. Click on simple table

2. Click on Data Room

3. Click on Name Type Parties Status …

4. Click on View

5. Click on Edit

6. Edit Document

Once you have made the changes, click save changes. The cap document and cap table will automatically update.

Note: To edit a convertible from your cap table that has been signed you must first void and delete the associated document from the data room. Once the document has been deleted from your data room, the convertible position will be automatically removed from you cap table.

External Convertible Note

If you have manually added a Convertible note to Clara, follow the below steps to edit it on your cap table. These steps are only relevant to convertibles that have not been created and signed on Clara.