Reverse cancellation and repurchases
Company administrators are now able to reverse cancellations on every security type as well as reverse repurchases!
To reverse a cancellation, go to the security ledger and select the row action for a cancelled security:
In the modal, select a reason for reversal and confirm the information. If there was a certificate resulting from a partial repurchase, that certificate will be deleted. Only unaccepted certificates can be deleted. If a resulting certificate is accepted, please reach out to Carta support.
Once reversed, the original security will show as outstanding in the ledger and a note will be added to the security under the “Documents and notes” section. No notifications are sent out when reversing cancellations or repurchases.
Note: This feature does not include reversing transfers, exercises or conversions at this time.