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Can Carta Cancel Securities when users offboard?

2 pointsby pain_perdu5 months ago

1 comment

Terr_5 months ago
Doing some digging for more context, and found this FAQ entry [0]<p>&gt; In cases where Carta will no longer serve as the SEC registered Transfer Agent for US companies, all securities from the issuing company will be marked as ‘canceled’ within your portfolio.<p>&gt; This <i>does not</i> mean that the underlying securities themselves are canceled or terminated. A banner will be displayed in your portfolio to clarify this distinction. [...]<p>So it sounds less like &quot;old agreements and contacts are voided&quot; and more like &quot;your legal stuff still exists but we aren&#x27;t managing it for you, better figure that out amongst yourselves.&quot;<p>[0] <a href="https:&#x2F;&#x2F;support.carta.com&#x2F;kb&#x2F;guide&#x2F;en&#x2F;what-happens-to-my-securities-if-my-company-leaves-carta-5wMTXHmFS0&#x2F;Steps&#x2F;3724410,3736932" rel="nofollow">https:&#x2F;&#x2F;support.carta.com&#x2F;kb&#x2F;guide&#x2F;en&#x2F;what-happens-to-my-sec...</a>