Secondary transfers – The secondary transfers feature allows for the buying and selling of shares or securities between existing shareholders or third-party investors. It provides a platform or mechanism to facilitate the transfer of ownership rights in a company without directly involving the company itself. This feature increases liquidity and flexibility for shareholders, allowing them to trade their ownership stakes as desired.
Transaction history – The transaction history feature records and maintains a comprehensive log of all transactions related to shares or securities in a company. It captures details such as the date, time, and parties involved in each transaction, as well as the number of shares or securities transferred and the transaction price. This feature provides transparency and an audit trail for all ownership transfers, facilitating compliance and accurate record-keeping.
Automated transfer restrictions – Automated transfer restrictions refer to rules or limitations placed on the transferability of shares or securities. These restrictions can be set by the company or outlined in shareholder agreements, and they define conditions under which shares can be transferred or restrictions on who can hold ownership stakes. Automating these transfer restrictions ensures compliance and prevents unauthorized transfers, maintaining the integrity of ownership rights and protecting the interests of the company and its shareholders.
Transactions auto-update cap table – The transactions auto-update cap table feature automates the updating of the cap table, which is a record of the company’s ownership structure, after each transaction. It automatically adjusts the share ownership percentages and calculations based on the transaction details, ensuring accurate and up-to-date information regarding the shareholding distribution within the company. This feature saves time and reduces the risk of errors in manual cap table updates.
Sale pre-emptive rights exercise – Sale pre-emptive rights exercise refers to the ability of existing shareholders to exercise their right of first refusal or pre-emptive rights when another shareholder intends to sell their shares. This feature allows shareholders to match or better the terms of an incoming offer, protecting their ownership interests and providing an opportunity for existing shareholders to maintain or increase their positions before external parties acquire shares. This feature ensures fairness and equal opportunity for existing shareholders in ownership transfers.