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
| Input | Type | Required | Description |
|---|---|---|---|
holder | Holder | required | The Holder who receives the Shares. |
class | string | required | The share class. |
quantity | integer | required | How many Shares. |
price | money | required | The price paid per Share. |
agreement | Agreement | required | The board-approved Agreement that authorizes the issue. |
Outputs
| Output | Type | Required | Description |
|---|---|---|---|
share | Share | required | The 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
sendanddomodes. - The cap table reads the new record from its issue date.
Refuses when
| Check | Error | Fix | Then call |
|---|---|---|---|
| The key is valid, but its scopes do not allow this operation. | forbidden | Use a key whose scopes cover the operation, or ask an owner of the namespace to grant them. | Share.issue |
When it waits
| Gate | Default |
|---|---|
| Decision class | High: one-way, broad (money) |
| Delay window | 1 business day, in which a watcher can pause, redirect or cancel it; then it runs. |
| Limit | The spend Limit of the Permission or Mandate it runs under. |
| Over the Limit | It 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. |