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Cap Table Question - convertible note maturity extension

Started by CounselK_29 · May 2, 2024 · 724 views · 2 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
CO
CounselK_29 OP

Has anyone dealt with something like this? I'm not sure what my options are.

convertible note maturity extension. I've been dealing with this for about 9 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but did not get a clear answer.

Do I have a strong case? What should my next steps be?

CD
case_dismissed_69_12

I've dealt with this before.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

NT
nine_to_five_grind_3

Not gonna lie, i've dealt with this before.

In my case, it took about 3-6 months to resolve. The key was having everything documented.