@thecorporation/corp-tools 26.3.40 → 26.3.42

package/dist/index.js

@@ -2715,8 +2715,26 @@ async function ensureIssuancePreflight2(client, entityId, grantType, instrument,
   } catch (err) {
     const msg = String(err);
     if (msg.includes("404") || msg.includes("Not found") || msg.includes("not found")) {
+      try {
+        const today = (/* @__PURE__ */ new Date()).toISOString().slice(0, 10);
+        const valuation = await client.createValuation({
+          entity_id: entityId,
+          valuation_type: "four_oh_nine_a",
+          effective_date: today,
+          methodology: "backsolve",
+          fmv_per_share_cents: 1
+          // $0.01 par value — typical early stage
+        });
+        const valuationId = String(valuation.valuation_id ?? "");
+        if (valuationId) {
+          await client.submitValuationForApproval(valuationId, entityId);
+          await client.approveValuation(valuationId, entityId);
+        }
+        return;
+      } catch {
+      }
       throw new Error(
-        "Stock option issuances require a current approved 409A valuation. Create and approve one first with: corp cap-table create-valuation --type four_oh_nine_a --date YYYY-MM-DD --methodology <method>; corp cap-table submit-valuation <valuation-ref>; corp cap-table approve-valuation <valuation-ref> --resolution-id <resolution-ref>"
+        "Stock option issuances require a current approved 409A valuation.\n  Auto-creation failed. Create manually:\n    corp cap-table create-valuation --type four_oh_nine_a --date YYYY-MM-DD --methodology backsolve --auto-approve"
       );
     }
     throw err;