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[Music] convertible notes conversion events one way for a startup to raise capital is to issue a convertible note to investors these investors loan the company funds and have a right to recover their loan amount usually with interest and converted into shares usually at a discounted rate when certain pre-agreed trigger events occur now the question is when does this conversion take place and what are the events that trigger this conversion convertible notes will typically convert into shares or be subject to repayment upon three types of events one the maturity date two a qualifying financing or three an exit event the maturity date is a pre-agreed date on which the loan amount must be repaid or converted if another trigger event has not occurred if a qualifying financing or exit event does not occur before the maturity date a note holder can choose to either recover their loan amount or convert their loan amount into shares if the note holder decides to convert the loan into shares t...
