Hire an AI convertible note conversion checker

Everything it can hand back

Your task sets the actual outputs. The specialist picks the methods that cover them.

• Accrued simple interest, with each funding date shown
• The balance that converts, with principal and interest apart
• Shares at the cap price, at the discounted round price and at the round price
• The price that applies, and how many more shares it gives than the round price
• Share rounding left open for the agreement to decide
• Missing facts, and checks that could not run

How it does the job well

• Reconcile to source documents, such as bank statements, ledgers and invoices, before reporting.
• Show the calculation, inputs and period for every figure.
• Label actuals, estimates and forecasts clearly.
• Send tax, legal and regulatory questions to a qualified professional.

Mistakes it avoids

• Mixing cash and accrual figures, or different periods, in one comparison.
• Rounding or formula errors that do not tie back to totals.
• Giving personal investment advice.

What a good result looks like

An example, not your task: A priced round closed and a note holder asks how many shares they get.

• 1 INTEREST. Accrued simple interest from each funding date, and the converting balance with principal and interest apart.
• 2 CONVERSION. Shares at the cap price, the discounted round price and the round price, side by side.
• Price that applies. The lower-of price, with the wording quoted from the note and the extra shares versus the round price.
• SOURCES. Each input with its source and date, and the currency and scale used.
• MISSING and CHECKS MISSED. Each gap, the open share rounding, and every check that failed or could not run.

How the work is checked

• Interest accrues only on funded principal, for each funding date and the note's year fraction. Principal and interest are shown apart.
• The converting balance passes from step 1 to step 2 with its currency and scale.
• The lower-of wording is quoted from the note. If it is not in what you were given, it is MISSING: and not assumed.
• Shares at the cap price, at the discounted round price and at the round price sit side by side, with the extra shares versus the round price.
• States which checks passed, failed or could not run, and names missing inputs.

These checks have not been run against a model yet. Your AI uses them to check its own work.

Capabilities

• Convertible note interest checker. Works out simple interest from funded principal and the contract's dates. Saves the interest-converting balance with its currency and scale. Leaves share rounding open until the agreement is checked.
• Cap and discount conversion checker. Takes the verified converting balance as the amount, with its scale. Uses the cap price and the round's discount, confirms the lower-of wording and compares shares against shares at the round price.

How the role works

1. Checks your task, context and available tools.
2. Picks the methods needed and prepares a work plan.
3. Carries out supported tasks, with each method's limits and review gates.
4. Checks the real deliverables and corrects supported faults.
5. Hands back files, evidence and unresolved gaps.

Your specialist's working setup

Download the base specialist without a task form or account. README.md and SETUP.md explain how to use the folder. SOUL.md defines its scope. INTAKE.md asks missing questions inside your AI. PLAYBOOK.md, SKILLS.md, BEST_PRACTICES.md, CHECKS.md and HANDOFF.md guide the work and its checked deliverables.

Complete associated skills, supporting files and licences are included. Choose only the methods needed for the actual task. Keep context, working files and accepted feedback in your AI project.

Use this specialist through MCP or the API

Call prepare_specialist with role_id check-a-convertible-note-conversion only. No task is required to load it. Your AI asks what job you need done, what you want back and which relevant context it can use.

For task-led hiring, call find_specialist, explain the suggested specialists and let the user accept or change the team.

Complete ZIP: Download base specialist. API: GET /api/v1/specialists/check-a-convertible-note-conversion/pack. The host AI supplies its own model, tools and execution; a pack does not connect accounts or run a task.

Inputs and helpful context

The specialist starts from the task brief. Only active methods require their inputs.

For the primary method, when used

• The signed note: principal, simple interest rate, issue date and funding dates (from the note)
• The year fraction the note uses, such as days over 365 (from the interest clause)
• Whether interest converts into shares (from the note)
• The cap price and the discount, and the lower-of wording (from the note)
• The price per share of the new round (from the round's term sheet)
• The conversion date, currency and scale

Helpful context (optional)

• The funding dates and amounts from the company's records.
• The round's term sheet or closing statement.
• The issuer's counsel, to confirm the agreement.

Tools and access

• A spreadsheet engine and file-capable AI: Builds a workbook with inputs, formulas and checks you can click into. In plain chat it returns the same tables as text and says no workbook was made.
• The signed note and term sheet: They hold the exact wording on interest, cap and discount. A summary can drop a clause.
• Claude, ChatGPT or Gemini: Any of them can do these sums in a chat.
• An AI that can make spreadsheet files: It can build the workbook, recalculate it and check that it reopens.
• Node.js 20 or later (optional): Runs the small script that comes with the skill, for a second check of the numbers.
• A spreadsheet engine and file-capable AI: Create, recalculate, render and reopen the requested native workbook.
• Node.js 20 or later: Run the bundled dependency-free reference calculation against explicit numeric inputs.

Functions and deliverables

• Convertible note conversion checker: Calculate the amount a note can convert, compare its cap and discount prices, and check the resulting share count.
  • Accrued simple interest, with each funding date shown
  • The balance that converts, with principal and interest apart
  • Shares at the cap price, at the discounted round price and at the round price
  • The price that applies, and how many more shares it gives than the round price
  • Share rounding left open for the agreement to decide
  • Missing facts, and checks that could not run
• Convertible loan interest calculator: Share the signed loan terms. Get accrued interest, the balance that converts and the resulting share count.
  • The interest that has built up
  • The balance that converts, which is principal plus interest
  • The number of shares before rounding
  • A list of missing facts and checks it could not run
  • A small workbook with the same sums, if your AI can make files
• Convertible note price checker: Share the signed lower-of terms, cap price, round price, discount and balance. Get the lower price and shares issued.
  • Selected price, conversion shares and extra shares versus round pricing.
  • An editable workbook of the note conversion price, with its inputs, formulas and test cases to rerun (only if you ask for one).
  • A tie-out of the converting balance and the shares issued, the inputs still missing and the checks that ran.
• Down-round conversion price checker: Share charter terms and a qualifying share issue. Check the weighted-average reset price and revised conversion ratio.
  • The revised conversion price and ratio for the protected series, or the old price if no reset applies.
  • An editable workbook of the antidilution reset, with its inputs, formulas and test cases to rerun.
  • A tie-out of the old and revised conversion price, the inputs still missing and the checks that ran.
• me.md builder: Answer a few questions, or let your AI use what it remembers. Get one private file that tells any AI who you are.
  • One me.md file with up to ten dated sections
  • A list of facts taken from memory, for you to check
  • A short note of what it removed for privacy
  • The two next steps, to save it and set it up

Tasks you can use it for

• A priced round closed and a note holder asks how many shares they get.
• You want to know if the cap or the discount gives more shares.
• Interest on the note converts into shares and you need the converting balance.
• A lawyer's cap table shows a share count you want to tie out.

Limits to check before starting

• Your investment is a SAFE, which has no interest and no maturity. Use the SAFE ownership and funding checker workflow.
• The note has no cap, compound interest, interest paid in cash, or other terms. This is built for simple interest and a lower-of cap and discount clause.
• You want the whole cap table after the round, with the option pool. This works out one note's shares only.
• You want a legal view on what the note says. Ask the issuer's counsel.

Best way to use this role

Give it one clear outcome, the actual files and a definition of done. Keep the work in one AI project so it can reuse checked context and earlier files.

• Download the workflow pack and give it to an AI that can read files, such as Claude, ChatGPT or Gemini. Use one that can make spreadsheets if you want a workbook.
• Attach the signed note and the term sheet for the round. Paste the conversion date. Say what the note says about interest converting and share rounding.
• After step 1, check that interest uses the note's year fraction and each funding date, and that principal and interest appear apart.
• After step 2, check that the lower-of wording is quoted from the note and that the three share counts sit side by side.
• Fill every MISSING line, then have the issuer's counsel confirm the agreement before anyone relies on the shares. Nothing here pays, sends or files anything. A person who knows the agreement checks it before anyone acts.

Read it as data

Read the complete role setup as JSON. Connect your AI to the AI Blocks MCP library and read aiblocks://roles/check-a-convertible-note-conversion for its role instructions and pinned sources.

This is a prepared AI role. No task has run. Your AI carries out authorized work using its available tools and reports the actual deliverables and checks.