Create an import file to bulk upload convertible loan notes on Carta.
If this is the first time issuing convertible loan notes on the platform, make sure to enable the relevant equity add-on - once enabled, you should find it under Fundraising > Unpriced investments > Closed investments.
Furthermore, you will see:
- Registering convertible loan note issuances in bulk
- Registering convertible loan note repayments conversions in bulk
Registering Convertible Loan Note Issuances In Bulk
1. Navigate to Fundraising > Unpriced investments > Closed investments and click Register investment > Import offline unpriced investments.
2. Click Download to download the import file template.
3. Upload the import file with the convertible loan notes data and click Import data
4. Carta will check if there are any errors with the import file. If no errors are found you will be able to Delete imported data, Review imported date or Publish.
5. If any errors are found, a message will be displayed and you will be able to download a file indicating the errors.
Registering Convertible Loan Note Repayments Conversions in Bulk
1. Navigate to Fundraising > Unpriced investments > Closed investments and click Bulk update > Register secondary transaction.
2. Click Download to download the import file template.
3. Secondary transactions may include a note conversion or a note repayment and you can record this directly on the import file itself.
The important thing to note when doing this is to input the relevant id into debt_id (i.e the person who has had a conversion).
The next step would be to input the date for conversion/repayment, under reason input conversion/repayment/other.
The final step would be to input the relevant quantities for share_price, and share_quantity.
4. Once you have finished adding the data on the spreadsheet, once again upload the file and click Import data.
5. Carta will check if there are any errors with the import file. If no errors are found you will be able to Delete imported data, Review imported date or Publish.
6. Once again, if there are any errors, it is possible to download a file that will indicate such errors.