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Untangling the Note Stack: How CarbonClick Restructured Its Way Back to a Deal

Untangling the Note Stack: How CarbonClick Restructured Its Way Back to a Deal

by Nicholas Cocks | Aug 31, 2026 | Blog, Corporate Governance, Portfolio Company

A Velocity Ventures case study – by Nick Cocks, Partner of Velocity Ventures and Board Chair of Carbon Click Convertible notes are supposed to be a bridge, not a permanent structure. But for many early-stage companies, one bridge round becomes two, becomes three,...

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