Work out convertible note conversion instantly with clear inputs, formula shown and shareable results.
A convertible note converts principal plus accrued interest at a discount to the priced round. This calculator normalises the round price to 1.00 per share so the conversion price is shown as a fraction of it — multiply the share count by your actual round price to scale the result.
Converting amount
Amount = Principal + (Principal x Rate x Years)
Conversion price
Conversion price = Round price x (1 - Discount %)
Shares
Shares = Converting amount / Conversion price
Usually yes, and the investor takes whichever of the cap price and the discount price is lower. Model both and use the more favourable.
Rarely. On a convertible note it normally converts into equity alongside the principal, which is why it increases the share count.