Locklear Ziegler

A cap table is one of the most important components to a private placement. A cap table helps you and other investors understand your organization s capital structure, and it also helps you to see who personally owns what. Controlling this cap table effectively is an essential task to setup early on in a new startup, but it frequently gets…[Read more]

A Cap Table Convertible Note is a unique type of note that offers an owner the ability to convert their notes into cash. This allows the holder to receive the lump sum of cash upfront without having to wait years upon years in order to recoup the capital. In most cases, these types of convertible notes are sold by private investors. However there…[Read more]

A simple cap table is simply the accounting term used to define the procedure of calculating precise numbers every shareholder and debt holder is to be paid upon the completion of any liquidation event of said company (e.g. an IPO, an acquisition, etc.). Essentially it’s just a series of mathematical computations where you apply each deal term to…[Read more]

Cap table math is a big subject and deserves a lot of attention. But unfortunately, most people know very little about it. So before we start with the cap table guide, let me explain how cap table math works. The first thing you should note is that the less you care about a cap table, the greater the chaos (or “entropy”) creeps into your trading.…[Read more]

A Digital Stock Certificate, also know as DSC, is a record of ownership of securities issued by an investment company. Issued on a quarterly basis, the certificate enables the investor to track ownership information for a company. It provides information regarding: issuer, name, date issued, stock price, number of shares, and more. The…[Read more]