Cap table · Verification
Does your cap table match the paperwork?
Cap-table reconciliation means checking the ownership view against the executed stock, option and financing records behind it. Solvd surfaces mismatches so the founder can investigate the source and fix the right thing before a transaction depends on the number.
Verification is only as complete as the company records available for comparison.
Direct answer
Cap-table verification is document reconciliation.
The goal is not to prove that the spreadsheet adds up. It is to determine whether the cap table is consistent with the legal events that created or changed ownership. A mismatch becomes an exception to investigate, not a number to silently overwrite.
Workflow
From ownership export to exception list.
01
Connect ownership
Use the cap table, spreadsheet or supported export.
02
Connect source records
Bring in available stock, option, approval and financing records.
03
Map evidence
Identify the document or event supporting each material balance.
04
Compare states
Compare shares, classes, grants, pools and financing instruments.
05
Surface exceptions
Show missing evidence, inconsistent quantities or unsupported entries.
06
Resolve + carry forward
Fix the appropriate data/legal layer and use the resolved state next time.
Reconciliation proof
One mismatch is enough to change the diligence conversation.
- Cap table — Founder Common: 5,000,000Ownership view
- Executed stock purchase records: 4,800,000Legal evidence
200,000-share difference — investigate before reliance.
Fix path
Verify first. Fix second.
The workflow should create an exception list, show the source evidence behind the exception, and route supported fixes into the relevant data or legal workflow. It should not promise that every historical cap table can be reconstructed from incomplete records without human or legal review.
Pricing
Verification first. Remediation only if something needs doing.
Knowing is free. Supported attorney-reviewed remediation starts at $500 for standard workflows; complex historical cleanup is scoped separately.
Founder questions
What “verified” should actually mean.
What documents do I need to verify a cap table?
The set depends on the company, but commonly includes charter history, stock issuance records, equity-plan and grant records, approvals, financing instruments, and records of exercises, cancellations, transfers or repurchases.
Is cap-table verification the same as a cap-table audit?
The terms overlap, but “audit” can imply broader professional assurance. Solvd describes this work as reconciliation or verification and states precisely which records are compared.
Can Solvd fix the cap table automatically?
Not automatically. Solvd can surface discrepancies and route supported fixes. Some exceptions require legal judgment or missing historical evidence before the record should be changed.
When should I verify the cap table?
Before a priced financing, secondary transaction, acquisition or other diligence-heavy event is an obvious trigger. Reconciliation is also useful after material equity or financing activity.
Can I verify a cap table if documents are missing?
You can identify gaps, but the result should be qualified. Missing evidence may prevent a definitive conclusion about the underlying legal event.
Verify first