Board approvals

A clean cap table isn’t just the right numbers — it’s the right authorizations behind them. In diligence, counsel checks that every grant and issuance was approved by the board. Board approvals give you one place to record that and produce the paperwork.

Why it matters

Options priced without board approval, a financing closed without a consent, a 409A never formally adopted — these are the gaps that slow a round or force expensive clean-up. Tracking approvals alongside the records they authorize keeps the governance story tight, and feeds your equity health score and diligence pack.

Record an approval

Open Board from the cap-table header and record an approval (admins only). Capture what was approved, its type (option grant, pool, share issuance, SAFE/note, 409A, financing, or other), whether it was by board meeting or written consent, the approval date, and optionally the ids of the records it covers. Mark it Draft while you circulate it, then Approved once it’s adopted.

The consent document

Every recorded approval generates a consent PDF — an “Action by Written Consent of the Board of Directors” (or meeting minutes) with the resolution and a director signature block, ready to circulate for signature.

The immutable trail

Recording or changing an approval writes a hash-chained entry to your change log (the Board category), so there’s always a tamper-evident answer to “who recorded which approval, and when?”

Collect signatures

Once an approval is recorded, admins can request signatures from the board: add each director by name and email, and Tenacap emails them a secure link to review and e-sign the consent. Each consent shows its signing status — not requested, awaiting signatures, or signed — and the fully-signed consent plus a completion certificate are sealed into one downloadable PDF.