You can now transfer part of a SAFE or convertible note

Admins can now transfer just a portion of a SAFE or convertible note, and the original holder automatically keeps the rest. The cap table record now shows exactly what happened.

• The transfer screen shows the amount for a single recipient, pre-filled with the full amount. Lower it to transfer only part of the note

• The remaining amount becomes a new note for the original holder, with the same terms and documents

• The original note shows as Transferred, with a line noting the balance retained by the holder

• New notes go to your company's officers for signature as usual, and the total can't be more than the original amount

This applies to company admins and law firms transferring SAFEs or convertible notes, for example to an affiliate fund. It is available now for all companies.

Have a question or a use case in mind? Tell us in the comments.