What is a Directors’ Resolution to Issue Convertible Notes (Subsequent Rounds)?

A Directors’ Resolution to Issue Convertible Notes is a resolution to be passed by the directors of a company to approve the allotment and issue of convertible notes.

Advanced Subscription Agreements

Why can’t startups issue shares of Common Stock to investors?

Start-ups can in fact issue shares of common stock to investors. Usually, friends and family members are issued shares of common stock, however, not all investors will accept shares of common stock for their investment. They will usually prefer shares of preferred stock, with special rights.

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