Pulley has announced that it will shut down and cease all operations and services on December 8, 2026. The company has partnered with Carta to offer eligible customers an assisted transition, but Pulley customers are free to choose another cap table provider.
For companies currently using Pulley, the immediate question is simple: what should you do next? We have already heard from Pulley customers exploring a move to Eqvista, and many of the same questions keep coming up: What happens to existing equity records? What needs to be saved? Do you have to move to Carta? And how quickly do you need to act?
What Happened to Pulley?
Pulley announced in September 2026 that it is shutting down after seven years of operation. The platform will cease all operations and services on December 8, 2026.
As part of the shutdown, Pulley entered into an exclusive partnership with Carta to provide an assisted transition for eligible customers. However, Pulley customers are not required to move to Carta and can choose another cap table provider instead.
Pulley Shutdown Timeline: Key Dates
Pulley customers should not wait until the platform closes to decide what to do with their equity data. Here are the key dates currently associated with the shutdown:
| Date | What Pulley customers should know |
|---|---|
| September 15, 2026 | Pulley published its Staff FAQ explaining the shutdown. Its website now confirms that the company will cease operations and services. |
| November 30, 2026 | Deadline associated with opting in to Pulley’s arranged Carta transition offer. This applies to that offer rather than preventing customers from choosing another provider. |
| December 8, 2026 | Pulley will cease operations and services. Companies should plan their transition and preserve the data they need before this date. |
| January 31, 2027 | Limited access to certain Pulley data is expected to remain available until this date. Companies should not rely on this period as a substitute for completing their migration before the shutdown. |
Do Pulley Customers Have to Move to Carta?
No. Pulley’s partnership with Carta provides an arranged transition for eligible customers, but Carta is not the only option.
You can use Pulley’s arranged transition or export your records and move to another provider, including Eqvista. If you choose another platform, check what will be migrated, whether your historical records and documents are included, and who will reconcile the cap table after the move.
The important point is that you have a choice. The shutdown deadline makes the transition urgent, but you can still choose the platform that makes the most sense for your company.
What Happens to Your Cap Table When Pulley Shuts Down?
Pulley shutting down does not by itself cancel or invalidate the equity your company has issued. Shares, options, SAFEs, warrants, and other equity arrangements are based on the agreements, approvals, and company records, not on Pulley continuing to operate as a software platform.
What changes is where you maintain those records. If Pulley is your current system of record, keep the data and documentation needed to accurately recreate your ownership, transactions, vesting, and outstanding securities on another platform.
What Pulley Data Should You Save?
Before leaving Pulley, keep enough information to recreate and verify your cap table with a new provider. At a minimum, this should include records of:
- Current cap table and complete transaction history
- Stakeholder and ownership records
- Common and preferred stock
- Stock options, equity plans, and vesting schedules
- Warrants, SAFEs, convertible notes, and other convertible instruments
- Previous 409A valuation reports
You should also keep the documentation supporting your cap table, such as signed equity agreements, board approvals, equity plan documents, financing documents, and other relevant corporate records. Keeping these records together can make it easier to reconcile the cap table after migration.
If you’re moving from Pulley to Eqvista, you don’t need to rebuild all of this manually. Our migration team can handle the transfer and reconciliation of your cap table records.
What Should You Check Before Choosing a New Cap Table Provider?
With a shutdown deadline approaching, it can be tempting to choose the fastest migration option and move on. But your next cap table provider may be with you for years, so it is worth asking a few questions before making the switch.
- What will be migrated? Check with the new provider that the migration covers your transaction history, securities, equity plans, vesting schedules, and other documents.
- How will the migration be verified? Find out who reconciles the transferred records, how discrepancies are handled, and whether you can review the migrated cap table before going live.
- What will the platform cost after the transition? Look beyond temporary migration discounts or introductory offers and understand what you will pay going forward.
- Can the platform support your company as it grows? Consider your future needs for equity management, 409A and other valuations, compliance, and liquidity, not just the immediate migration.
The goal isn’t just to get your data out of Pulley before the deadline. It’s to move it accurately and choose a platform that still works for you after the migration is complete.
Moving From Pulley to Eqvista
If you decide Eqvista is the right next home for your cap table, our migration team handles the transfer and reconciliation of your Pulley records, so you don’t have to rebuild it yourself.
Migrations can be completed in as little as 1–5 business days, depending on complexity, and you can review your migrated cap table before completing the switch.
For Pulley customers, Eqvista currently offers:
- Get the rest of your Pulley term added free
- Save 30% off your current Pulley invoice
- Year-2 price lock
- White-glove migration at no charge
- Migration in as little as 1–5 business days
- Dedicated migration specialist
- Unlimited 409A updates
- Lifetime audit support
- We’ll defend Pulley’s 409As
Frequently Asked Questions About the Pulley Shutdown
When is Pulley shutting down?
Pulley will cease operations and services on December 8, 2026. Companies using Pulley should preserve their records and plan their transition before the shutdown.
Do I have to move from Pulley to Carta?
No. Carta is Pulley’s arranged transition partner, but customers can choose another cap table provider, including Eqvista.
What happens to my cap table when Pulley shuts down?
Pulley’s shutdown does not itself change your company’s underlying ownership. However, you will need another system to maintain your cap table, so it is important to preserve the data and supporting records currently stored in Pulley.
What data should I export from Pulley?
Save your cap table, transaction history, stakeholder and security records, equity plans and vesting schedules, and previous 409A valuation reports. What you need depends on your company’s equity structure.
Can Eqvista migrate my Pulley cap table?
Yes. Eqvista provides white-glove Pulley migrations at no charge, including transferring and reconciling cap table records, securities, equity plans, historical transactions, and supporting documents. Migrations can be completed in as little as 1–5 business days, depending on complexity.
