Cap Table
Real-time shareholder register, fully diluted in one click.
Convertible instruments that become shares in the share register.
SLIPs and convertible loans, from agreement to shares.
Record SLIP agreements (the Norwegian SAFE) and convertible loans with valuation cap, discount and interest. See each instrument in the fully diluted cap table before the round, and convert in the same share issue as the new money – Nexus calculates the price and enters the new shares in the share register with share numbers.
Key features
- SLIP agreements with a valuation cap, discount, cap and discount, or MFN – pre-money or post-money
- Convertible loans with principal, simple or compound interest, maturity, cap and discount
- A fully diluted cap table showing the effect of each instrument before conversion
- Conversion in the share issue wizard: the price is the lower of the cap price and the discounted issue price
- You choose whether accrued interest converts, and whether the cap divides by fully diluted or issued shares
- A conversion declaration as PDF, and new shares entered with share numbers
- Investors see the instrument and confirm the conversion in the investor portal
Frequently asked questions
What is a SLIP?
A SLIP is a standardised Norwegian early-stage investment agreement, the local equivalent of the American SAFE. The investor pays now and receives shares in a later round, at a price set by a cap and a discount. A SLIP is not a loan: there is no repayment, no interest and no maturity date.
How is the conversion price calculated?
The price is the lower of the cap price (the valuation cap divided by the number of shares before the round) and the issue price less the discount. Cap and discount are alternatives; they are not stacked. The agreement decides whether the cap divides by fully diluted or issued shares – Nexus supports both and records the choice.
What does Norwegian company law require when a loan converts?
Conversion means the company issues new shares. For a convertible loan under chapter 11 of the Norwegian Companies Act, no new general meeting resolution is needed to increase the capital when the loan converts (section 11-2). Otherwise the conversion is carried out as a capital increase under chapter 10. Nexus does not file the registration with the Register of Business Enterprises.
Can I see how a round dilutes the owners before it happens?
Yes. The fully diluted cap table shows each instrument before conversion, and the share issue wizard shows the new shares per SLIP and loan before you confirm. The numbers are recalculated on the server from the stored terms, so a stale page cannot write the wrong count into the share register.