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 Oklahoma

Under Oklahoma law, a convertible note’s conversion into equity is governed by the terms of the note itself, subject to the default rules in 18 Okla. Stat. § 1032. This statute provides the legal framework for how convertible instruments interact with a company’s capitalization table, including the treatment of conversion rights and adjustments. The rule sets out the conditions under which conversion occurs and how the cap table reflects the resulting equity distribution. The exact calculation depends on the note’s specific conversion price and any valuation cap or discount. The official source at the Oklahoma State Courts Network contains the full statutory language. The worked example below illustrates how the cap table adjusts under the statute. Use the DocketMath calculator to estimate your own cap table results based on your convertible note terms.

Governing authority

In Oklahoma, the convertible note cap table rule is set by 18 Okla. Stat. § 1032. The verified packet cites 18 Okla. Stat. § 1032 (https://www.oscn.net/applications/oscn/DeliverDocument.asp?CiteID=82124).

Oklahoma convertible note cap table: governed by 18 Okla. Stat. § 1032. The verified packet cites 18 Okla. Stat. § 1032 (https://www.oscn.net/applications/oscn/DeliverDocument.asp?CiteID=82124).

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.