What's new: QSBS attestation letters, warrant management, and bulk edits

Nick Cust
Chief Product Officer
Release
October 24, 2025
June 1, 2026
Last update
-min.avif)

Contributors

Shannon Griffin
Customer Success

QSBS Attestation Letters

Generate investor-ready QSBS attestation letters instantly from your cap table. When your lead investor's counsel requests confirmation that your stock qualifies for Qualified Small Business Stock tax benefits, you can now produce a professional letter in seconds—no scrambling, no waiting on your attorney.

What you can do:

• Generate QSBS attestation letters directly from your cap table
• Confirm your company's eligibility with investor-ready documentation
• Close rounds faster with the credibility documents investors expect

Sometimes a document isn't just a document—it represents trust and credibility when it matters most.

Warrant Management

Warrants no longer need to live in shadow spreadsheets. You can now manage the full lifecycle of every warrant right alongside your shares and options in Cake Equity.

What you can do:

• Track warrant issuance, exercise, and expiration in one place
• See accurate dilution calculations that include all equity instruments
• Eliminate the risk of maintaining separate warrant spreadsheets

Your cap table should reflect your complete equity picture. Now it does.

Bulk editing for Grants and Share Classes

Get your time back. Update multiple option grants or share class details all at once, turning what used to take hours into seconds.

What you can do:

• Edit multiple grants simultaneously with bulk actions
• Update share class conversion factors across your cap table
• Make post-raise adjustments without hours of manual work

Whether you're updating 50 grants after a policy change or adjusting conversion factors after a new round, bulk editing gives you speed without sacrificing accuracy.

Other enhancements

We've continued refining the platform based on how you use it every day:

• Enhanced warrant modeling in exit and raise scenarios for more accurate dilution forecasting
• Streamlined share class conversion rate customization across all platform views
• Improved document generation speed and reliability

Your equity, your strength

October's releases reflect our commitment to making equity management faster, more transparent, and more powerful. From instant QSBS letters to integrated warrant tracking to bulk editing that saves you hours—these tools help you focus on building your company, not maintaining spreadsheets.

Explore these new features in your Cake Equity dashboard today, or visit our Help Center to learn more.

This article is designed and intended to provide general information in summary form on general topics. The material may not apply to all jurisdictions. The contents do not constitute legal, financial or tax advice. The contents is not intended to be a substitute for such advice and should not be relied upon as such. If you would like to chat with a lawyer, please get in touch and we can introduce you to one of our very friendly legal partners.