Why is the % Discount not automatically applied upon conversion?

Convertible Notes typically offer a discount to the share price when a note is converted. For example, the terms of a Bridge to Series B may stipulate a 20% discount to the Series B share price upon conversion.

However, these terms frequently change, and therefore Seraf includes this field as a reference only. To create your conversion transaction, you will need to calculate the discount, if any, based on the most recent communications from the company and enter the number of shares issued.

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