Add a Share Class in Qapita

Add a Share Class in Qapita 

Adding a share class in Qapita is a simple process. If the share class of a new transaction does not already exist, a share class is added before the transaction is added.

We suggest you have the Shareholders’ Agreement (SHA) and Share Subscription Agreement (SSA) documents in place before you start with this.

Basic Details

1. To add a Share Class, click Add Security Class drop-down and select Share Class.

2. You can choose “Common” for Equity shares and “Preferred” for Preference shares.

3. Select the Class Type. You can choose a share class to be common or preferred.
  Share Classes with any additional rights or preferences can be classified under preferred share class 

4. Type the Share Class to reflect the current funding series. 

5. Type the Share Class Code by which the share class will be recognized. The code you enter here is displayed for applicable shareholders in the dashboard. You can enter a two-three letter or numeric code to keep it share class short on the Cap table.

6. Select the appropriate Currency and corresponding Exchange Rate for the currency.

7. Next, you can specify the Price Details for the Share Class.

8. As the last step, select the First Closing Date. This is the date when the investors commit to making the first investment in that share class.

Supporting Legal Docs

You can upload supporting documents (like SSA, SHA) for the round by dragging and dropping the files. 

Price Details

Next, you can specify the Price Details for the Share Class

1. Set the Par value for the Share Class in the appropriate Currency. This is the face value, or the minimum value at which shares can be issued. This can be found in the Company’s Incorporation documents.    
2. Set the agreed upon Price per share in the appropriate Currency for the Share Class. This is the price at which the share class will be issued.

Review Details

Finally, you can review all the details entered and click Create new Share class.