Including the 10 founding members, the coalition is comprised of 49 law firms, equity management providers, and other ecosystem players.
The Open Cap Table Format (OCF) aims to enable a new, more collaborative era in capitalization data management.
The company is ultimately responsible for maintaining and updating its capitalization information as a corporate record.
The company has the right to use or transfer its capitalization information on or to whichever services and technologies it chooses to work with.
Service providers and technology platforms supporting companies and their equity holders should proactively work together to facilitate the portability of capitalization data.