My startup took a convertible note angel round. We were planning on raising another round, but then won a large grant. It will take us to profitability, and we don't plan on raising any more.
How do these types of situations typically resolve for dealing with note holders, when there is no longer any expectation of another raise or liquidation event?
How do these types of situations typically resolve for dealing with note holders, when there is no longer any expectation of another raise or liquidation event?