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 Kentucky

Under Kentucky law, a convertible note’s conversion into equity on the cap table is governed by KRS 271B.6-010, which establishes the statutory framework for how shares are authorized and issued upon conversion. This statute does not prescribe a specific formula or conversion rate; it provides the legal authority under which a corporation’s board may fix the terms of convertible instruments, including the conversion price and resulting ownership percentages. The exact mechanics of the conversion, such as how the note’s principal and accrued interest translate into shares, depend on the terms stated in the note and the board’s resolution. The official source at the link below contains the full text of the rule. Use the DocketMath calculator to estimate your specific cap-table impact based on your note’s terms.

Governing authority

In Kentucky, the convertible note cap table rule is set by KRS 271B.6-010. The verified packet cites KRS 271B.6-010 (https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=24225).

Kentucky convertible note cap table: governed by KRS 271B.6-010. The verified packet cites KRS 271B.6-010 (https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=24225).

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.