Dear LTSE Equity Customers,
We would like to share some important news regarding your cap table management. We have created a partnership with Astrella and will be offering you the option for AstrellaⓇ by Equiniti to become your cap table provider.
We have a nearly four-year working history with the team and know that they will be a great solution for our customers. Astrella will honor our customers' payment terms through your annual renewal date. You’ll have a new login portal, but Anashe Barton will still be your point of contact. Anashe will be joining the Astrella team and will be available to help with your transition to Astrella and to support you going forward.
Our dedicated support team remains committed to making this transition seamless for you. In order to transfer to Astrella and ensure no service interruptions, you will need to opt-in on your company’s LTSE Equity account by February 29, 2024. Once you do, we'll proactively reach out in the coming weeks with detailed information on your specific transition. We’ve developed FAQs to answer some of the questions you may have.
We appreciate your trust in LTSE Equity and look forward to the possibilities Astrella brings to your equity management needs. If you would like to speak with the team at Astrella, please reach out to Jayne Taylor at jayne.taylor@equiniti.com.
Thank you for your continued partnership.
Sincerely,
The LTSE Equity Team
LTSE Equity is exiting the cap table business to focus its efforts on other parts of its business. After an intensive review, LTSE Equity selected Astrella to provide continued service to its customers as LTSE Equity believes that Astrella offers the best cap table product and customer service for LTSE Equity customers.
The payment terms of your existing agreement will be honored by Astrella through the remainder of your annual term, given you are on a paid plan. If you paid upfront for an annual term, your agreement will be honored, and you will not owe anything until you renew with Astrella at the end of your annual term. If you pay on a monthly basis, Astrella will begin to collect the monthly fee as of the date of your next monthly payment through the remainder of your annual term. If you are a Basic Customer, you will have the option to upgrade your service with Astrella. They do not have a free tier. It is important to opt-in to the transition in order to begin conversations with the Astrella implementation team.
First you must go directly to your LTSE Equity account and sign the data transfer opt-in. The importance of this step cannot be more emphasized. Then, please update your cap table in order for the transfer to take place.
Your account will be frozen from making any changes. The Astrella implementation team will be added to your account, then, an implementation manager will reach out to you in order to begin the transition process
We will provide you with a clear timeline for your data transfer. If the timeline proposed does not work for you, we are happy to discuss adjusting it. The deadline to opt-in for the transfer is February 29, 2024.
When you transition your cap table to Astrella, you will be asked to accept Astrella’s Terms of Service. When you’re asked to accept Astrella’s terms, it is for the use of their platform. As mentioned above, the payment terms of your existing agreement with LTSE Equity will be honored for the remainder of your annual term.
Payments and billing arrangements will remain with LTSE Equity until the transition is finalized, after which payments will be processed through Astrella. If you paid upfront for an annual term, you will not owe anything to Astrella until you renew with Astrella at the end of your annual term. If you pay on a monthly basis, Astrella will begin to collect the monthly fee as of the date of your next monthly payment after you transition to the Astrella platform.
We will do our best to minimize service disruptions during the transition. If you choose to transition to Astrella, you will have access to the Astrella Support team following the transition.
Data security and privacy are a top priority. LTSE Equity and Astrella both have robust security protocols in place, and we will both comply with all relevant data protection regulations. See Astrella’s privacy policy.
Your confidential cap table data will only be shared with authorized personnel involved in the transition process.
If you choose to transfer your data to a provider other than Astrella, you may do so using LTSE Equity’s data export capabilities. The LTSE Equity platform will not be accessible after March 30, 2024. You must download your cap table data or transfer it to another provider by that date.
You can download your cap table in LTSE Equity’s reporting tab.
You can contact our data protection team or customer support to address any privacy concerns or seek clarifications on data protection measures.
The LTSE Equity platform will not be accessible after March 30, 2024. You must sign the opt-in by February 29, 2024 to ensure that we have time to transition your cap table data to Astrella. If you intend to transfer your cap table data to another provider, you must notify us by February 29, 2024.
You will need to update your cap table before the data transfer can occur. Please do so by February 29, 2024.
If you would like to speak with the team at Astrella, please reach out to Jayne Taylor at jayne.taylor@equiniti.com.
Astrella offers weekly product demos with open-forum Q&A every Wednesday at 11am PT. Use this link to register in advance.