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

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

This document is for subsequent rounds of convertible notes issued by a company and may be used if your company has issued convertible notes before.

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A Directors’ Resolution to Issue Convertible Notes is a formal document that the board of directors of a corporation may use to authorize the issuance of convertible notes.

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

Startups 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. These are called convertible notes.

How do I set up convertible notes?

Once a board approves fundraising with convertible notes, they can issue a first round of convertible notes.

This document allows a board to issue subsequent convertible notes for further fundraising.

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Zegal legal template are meticulously crafted with the precision of AI and the expertise of seasoned human lawyers, providing a unique blend of speed and reliability.

You can trust that Zegal agreements are legally sound and fully compliant with current regulations.

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Using Zegal will reduce risk, save money, and improve efficiency. Let us take care of the paperwork so you can focus on running your business.

Don’t compromise on speed or compliance. Stay secure, compliant, and efficient with Zegal.

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