Convertible Note with Discount
Context:
Yara invested in a startup using a convertible note of $1.506 million, with a 20% discount.
When the company raised Series A at $1.02 per share, her note converted at the discounted price.
Context:
Yara invested in a startup using a convertible note of $1.506 million, with a 20% discount.
When the company raised Series A at $1.02 per share, her note converted at the discounted price.
✅ Shares = Note / Discounted Price = 1.506 million / 0.816 = 1.846 million shares