This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Convertible Note Cap Table in Florida

Florida law governs the treatment of convertible notes on a cap table through Fla. Stat. § 607.0602. That statute sets out the legal framework for how conversion rights and noteholder interests are reflected in a corporation’s ownership structure. The rule provides the statutory basis for determining when and how convertible instruments adjust equity, including adjustments to share counts and ownership percentages. The exact calculation depends on the specific terms of the note and the corporation’s governing documents. The official source at the Florida Senate website contains the full statutory language and any applicable exceptions. A worked example below illustrates how a typical conversion affects a cap table under this statute. Use the calculator to estimate your own specific result.

Governing authority

In Florida, the convertible note cap table rule is set by Fla. Stat. § 607.0602. The verified packet cites Fla. Stat. § 607.0602 (https://www.flsenate.gov/Laws/Statutes/2022/607.0602).

Florida convertible note cap table: governed by Fla. Stat. § 607.0602. The verified packet cites Fla. Stat. § 607.0602 (https://www.flsenate.gov/Laws/Statutes/2022/607.0602).

Estimate your own result: every situation has exceptions that can change the outcome. Use the convertible note cap table calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.