Booking a Conversion into Multiple Separate Securities

Modified on Wed, 21 Mar 2018 at 05:18 PM

As an example, let's say that both common and preferred shares are issued in a conversion. The normal equity conversion process will only allow for a single security, so we need to perform a bit of manual work to get multiple securities recorded in the database. 


Here are the steps:


1. Create both of the rounds that you will be converting your convertible security into
2. Perform the conversion process by opening your convertible security and selecting the 'Convert to Equity' button
3. Select one of your rounds that you have created
4. Convert as normal

You can then go in and create / adjust the Transactions within both of the Rounds as well as the details of the Round itself to reflect the fact that there are now multiple securities.