video1.0<iframe src="https://www.loom.com/embed/143f1b0294ac40fda284276b73c8dcea" frameborder="0" width="1728" height="1296" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>12961728Loomhttps://www.loom.com12961728https://cdn.loom.com/assets/img/og/slack-protected-video.gif280.2693In this video, I introduce a new feature in ExoWaterfall that addresses how to handle unconverted convertibles, such as convertible notes or safes, during a liquidation event. I explain that the legal agreements dictate how payouts are managed, typically offering either a cash amount or conversion into shares based on specific parameters like discount rates and valuation caps. I’ve built a separate exit waterfall sheet to streamline these calculations, which includes sections for different types of convertibles and their relevant details. I emphasize the importance of reading legal documents to understand the payout structure fully. Please ensure to turn on iterative calculations when using the model for accurate results.