Convertible stock is a class of stock (typically preferred stock) that gives the holder the right to convert it into another class of the company’s stock (usually common stock) under specified terms, such as a defined conversion ratio and timing (often at the holder’s option or upon certain events like an IPO.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
