Carta Collective

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  • 1.  Cancelation Notifications

    Posted 01-19-2023 12:16
    When we modify or cancel a share certificate, do notices to shareholders go out immediately, or at some pre-set time?

    For our client, we are going to cancel a share conversion to do some cap table cleanup, then re-do the conversion. I canceled the post-conversion certificates.

    I jumped the gun and shouldn't have canceled the certificates. So I reversed the cancellation. Will the holders receive notice of either action, given that the cancellation and reversal were within 30 minutes and the net effect is null?

    If they'll receive notices regardless, is there anything you can do to make sure notices don't go out?

    Carta Admin

  • 2.  RE: Cancelation Notifications

    Posted 04-06-2023 13:11

    Thank you for reaching out to Carta Support! Happy to help here. I can confirm that no notifications are sent when a cancellation or a reverse-cancellation is processed.

    If you have any additional questions, please don't hesitate to let me know! 

    Brent Devey
    Community Manager