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 Wyoming

Wyoming law does not prescribe a specific cap table treatment for convertible notes. Instead, Wyo. Stat. § 17-16-601 governs the board’s authority to set the conversion terms, which in turn determines how the note converts into equity and affects the cap table. The statute grants the board discretion to fix the conversion price, ratio, or other terms in the resolution authorizing the note. Because the law does not mandate a particular formula or cap table structure, the exact impact on ownership percentages depends entirely on the terms the board adopts. The official source at the Wyoming Legislature website contains the full statutory text. The calculator below estimates the resulting cap table based on those board-set terms.

Governing authority

In Wyoming, the convertible note cap table rule is set by Wyo. Stat. § 17-16-601. The verified packet cites Wyo. Stat. § 17-16-601 (https://www.wyoleg.gov/statutes/compress/title17.docx).

Wyoming convertible note cap table: governed by Wyo. Stat. § 17-16-601. The verified packet cites Wyo. Stat. § 17-16-601 (https://www.wyoleg.gov/statutes/compress/title17.docx).

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.