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 Utah

Under Utah law, the cap table treatment of a convertible note is governed by the conversion terms set out in the note itself, subject to the statutory framework in Utah Code § 16-10a-601. That section addresses the rights and obligations associated with the issuance and conversion of convertible securities, including how noteholders’ interests are reflected on the cap table upon conversion. The statute provides the legal foundation for determining the conversion mechanics, but does not prescribe a specific conversion price or formula. The exact calculation of how many shares a note converts into depends on the note’s specific terms and the company’s equity structure. For a precise estimate of how a convertible note would affect a Utah company’s cap table, please use the DocketMath calculator.

Governing authority

In Utah, the convertible note cap table rule is set by Utah Code § 16-10a-601. The verified packet cites Utah Code § 16-10a-601 (https://le.utah.gov/xcode/Title16/Chapter10A/16-10a-S601.html).

Utah convertible note cap table: governed by Utah Code § 16-10a-601. The verified packet cites Utah Code § 16-10a-601 (https://le.utah.gov/xcode/Title16/Chapter10A/16-10a-S601.html).

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.