An Introduction to Convertible Notes
What is a convertible promissory note? A convertible promissory note is a debt instrument that converts into equity of the issuing company upon certain events.
Annalise Perry is a member of the firm’s Emerging Companies & Venture Capital practice group. Her practice focuses on high-growth businesses, representing both early-stage companies and investors. She advises clients on venture capital and other financings, corporate governance, securities issues, strategic transactions, and exits. Annalise primarily works with clients in the life sciences and information technology industries. Annalise also co-chairs the firm’s Recruiting Committee.
Annalise received her Bachelor of Arts in political science from UNC Chapel Hill, graduating Phi Beta Kappa. She was a Chancellors’ Scholar at UNC School of Law, where she received her J.D. with High Honors, and is a member of the Order of the Coif. During law school, Annalise served as a staff member and Symposium Editor of the North Carolina Law Review and received the Harry Bane Award for Academic Excellence: Outstanding Writing Prize.
What is a convertible promissory note? A convertible promissory note is a debt instrument that converts into equity of the issuing company upon certain events.
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After several rounds of revisions, North Carolina recently implemented rules under the July 2016 Providing Access to Capital for Entrepreneurs and Small Businesses (“PACES Act”),…