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Share.issue

POST /{namespace}/shares/issue

Issue records new Shares of one class to a Holder under a board-approved Agreement, with the certificate or book entry.

Noun
Share
Mode
do
Event
Share.issued

Inputs

InputTypeRequiredDescription
holderHolderrequiredThe Holder who receives the Shares.
classstringrequiredThe share class.
quantityintegerrequiredHow many Shares.
pricemoneyrequiredThe price paid per Share.
agreementAgreementrequiredThe board-approved Agreement that authorizes the issue.

Outputs

OutputTypeRequiredDescription
shareSharerequiredThe issued Share record.

Effects

  • Emits Share.issued.
  • Performed by the Legal Lead.
  • One-way (money): it waits out its delay window, and runs in the send and do modes.
  • The cap table reads the new record from its issue date.

Refuses when

CheckErrorFixThen call
The key is valid, but its scopes do not allow this operation.forbiddenUse a key whose scopes cover the operation, or ask an owner of the namespace to grant them.Share.issue

When it waits

GateDefault
Decision classHigh: one-way, broad (money)
Delay window1 business day, in which a watcher can pause, redirect or cancel it; then it runs.
LimitThe spend Limit of the Permission or Mandate it runs under.
Over the LimitIt waits pending for an Approval from the Founder. Approved, it runs; refused, it ends refused with limit-exceeded; unanswered by its deadline, it ends canceled.