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 New Mexico

Under New Mexico law, the convertible note cap table is governed by N.M. Stat. § 53-11-18, which sets the rule for how a conversion price adjusts if the company later issues equity at a lower price than the note’s original conversion rate. This statute provides the mechanism for calculating the adjusted conversion price based on the terms of the note and subsequent equity issuances. The exact adjustment depends on factors the statute defines, including the consideration received and the number of shares outstanding. A step-by-step worked example below demonstrates how the rule applies under the specified statute. To estimate your own conversion price adjustment, use the DocketMath calculator, which applies the statutory formula from the official source.

Governing authority

In New Mexico, the convertible note cap table rule is set by N.M. Stat. § 53-11-18. The verified packet cites N.M. Stat. § 53-11-18 (https://nmonesource.com/nmos/nmsa/en/item/4361/index.do).

New Mexico convertible note cap table: governed by N.M. Stat. § 53-11-18. The verified packet cites N.M. Stat. § 53-11-18 (https://nmonesource.com/nmos/nmsa/en/item/4361/index.do).

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.