Generally, a company will complete a follow on round within a certain time period after the Convertible round. The follow-on round can be on Crowdcube or it could be with external investors, or Venture Capital firms.
If no follow-on round happens, the investment will be converted into shares by the agreed long-stop date and at an agreed long-stop valuation.
Our team will work with you through the conversion process and the issue of shares and EIS tax relief (if applicable) to investors at this time.