If you are on Eqvista, then you should know that you can easily issue a KISS just like you can issue shares to a shareholder. To help you understand the process better, here is a step-by-step guide on how to issue and modify a KISS on Eqvista.

Step 1: First log into your Eqvista account and select the company account that you want to issue the KISS. 

Eqvista login

You will then be directed to the dashboard page. Click on “Securities” from the left-hand side panel for a drop-down menu to appear. In the drop-down menu, select the option “Convertible Instruments”

convertible instruments

Step 2: As soon as you are done with this, you will be directed to a new page as shown below. Here, you will see all the convertible instruments created and issued, if there are any. From here, select “Issue Instrument”.

issue instrument

Step 3: By clicking on “Issue Instrument”, you will be directed to another page where you will need to add the details to set up and issue the convertible note (KISS).

instrument holder

The first step would be to select the name of the shareholder to whom you will be issuing the KISS security.

Note: In case the person you want to issue to isn’t there, you need to add the shareholder then. Check out the support article here to add a shareholder.

Step 4: Once you do this, some other fields will appear below this field, including:

  • Convertible Note Name
  • Issue Date
  • Note Type: Here you will need to select the note type, which would be the 500 Startups KISS.

Note: A KISS is also called the 500 Startups KISS. On Eqvista, you will find the option that says “500 Startups KISS”.

Add these details and select the note type, as shown below.

note type

Step 5: Once you select this option, additional options will appear below for the convertible note details.

  • Principal: The original amount that the company borrows. 
  • Converts to: This is the type of stock the convertible note converts to.  We selected common stock here.

Choose from common or preferred stock. Select the kind of stock that the convertible note would turn into. In this case, we selected common stock.

conversion to shares

Add in the principal amount and fill in the field for what the note would convert to.

Step 6: As soon as you select the option for “converts to”, some other fields appear below it, including:

  • Conversion Trigger Amount: This is the minimum amount that will trigger the conversion rate.
  • Valuation Cap: The maximum company valuation when converting the note to shares. 
  • Early Exit Multiple: This is the guaranteed multiplied of the principal paid out. It can be kept as “zero” as well.
  • Conversion Discount: This is the discount that is applied to the purchase of shares during the valuation of the company.
vauation cap

Fill in all the details based on your plan and click on “Submit”.

Step 7: Once you click on “Submit”, the KISS security will be created and you will be directed back to the following page which will show the details of the security. From here, click on “Actions” and a drop-down menu will appear. There are four options for altering the KISS security here. This includes:

  • Edit Note: For editing or modifying a part of the security.
  • Convert to Stock: This is to convert the note to stock manually before the maturity date.
  • Mark as Converted: In case you have already converted the note to stock for the investor, you can mark it converted here easily.
  • Delete Note: This is to delete the security in case the deal goes off with the investor or for any other reason.

Let us say that you want to modify this. In this case, select the option “Edit Security”.


Step 8: By selecting this, a pop-up window will appear showing all the options you filled in when you created the KISS security. Change the details that you want to.


Step 9: Once you do this, you will be directed to the updated page of the KISS security.

KISS Security

Like this, you can both set up, issue and modify KISS security on Eqvista. If you want to know more or understand any other process, check out the other support articles here or contact us today!

Interested in issuing & managing shares?

If you want to start issuing and managing shares, Try out our Eqvista App, it is free and all online!