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What happens to my securities if my company leaves Carta?

When a company leaves Carta, all outstanding securities on its cap table are marked as “canceled.”

Companies usually leave Carta when they:

  • Switch to a new transfer agent (e.g., going public)

  • Are acquired

  • Are dissolved

  • Change their entity type (e.g., converting from an LLC to a C-Corp, which requires offboarding and re-onboarding)