The ADD HOME 1A compartment of Spreds Finance would participate in the financing of ADD HOME BV/SRL planned between € 25,000 and € 1,000,000 (the "Capital Increase").
 
Of the total amount raised during the period of the offering, Spreds Finance will use an amount of € 500 per Participatory Notes for these purposes, subject to the fulfilment of the conditions for such placement.

 

 

The minimum subscription amount per investor is €500.
The minimum offering amount is €25,000.
 
The Notes will only be issued if, within 6 months from the Closing Date, the following listed cumulative and conditions precedent to the subscription of shares of ADD HOME by Spreds Finance (see below) are met:
 

 

 
Spreds Finance verifies that such conditions precedent are met no later than 6 months after the Closing Date ("Effective Date"), i.e. 01/03/2025. In the event that one or more of these conditions are not met by the Effective Date, the Notes will not be issued and the Subscription Amount paid by the Investors respectively will be refunded no later than 15 business days after the Effective Date.

 

 

The subscription period begins on 01/06/2024 and ends on the Closing Date, which is in principle 01/09/2024.
 
 It may be decided to extend the subscription period by 3 months and 2 weeks (until 15/12/2024 at the latest), if the total amount of subscriptions on 01/09/2024 is at least €20,000.
 
The offering may be closed early once the minimum offering amount, of €25,000, has been reached. Early closure of the offer may also be decided if the total amount of orders contained in the subscription forms signed and transferred to Spreds Finance reaches the maximum amount of the offer. 
 
The Participatory Notes will be issued on the date of the capital increase, if the conditions for issuing these Participatory Notes are met. That is, at the latest on 01/03/2025 if the subscription period ends on 01/09/2024. This may be earlier (if the offering closes early) or later (if the subscription period is extended).

 

This investment is eligible for a tax reduction for investors paying income tax in Belgium, under the tax incentive on tax shelter for scale-ups. 
 
The reduction of up to 25% of the total nominal amount of the Participatory Notes invested will be applicable since the Underlying Assets are shares in a scale-up. 
 
The total tax benefit is therefore a maximum of € 125 per Participatory Note. The available tax shelter budget is €1,000,000.

A purchase and sell option is applicable to this investment, as set forth below.

The ADD HOME 1A compartment of Spreds Finance grants an option to the founders of ADD HOME BV/SRL (or to ADD HOME BV/SRL itself) to buy the shares it acquires under this financing round. This option can be exercised at the earliest 1 day after the fourth anniversary of the investment (i.e. 4 years + 1 day after the date of signature of the notary deed formalizing the capital increase) and this during 365 days. The price at which these shares can be purchased is equal to the price at which the shares were acquired plus an annual return of 5%.

The ADD HOME 1A compartment of Spreds Finance is granted an option from the founders of ADD HOME BV/SRL to sell the shares it acquires in the context of this financing round to the founders of ADD HOME BV/SRL (or to ADD HOME BV/SRL itself) if the purchase option mentioned above is not exercised. The sell option can be exercised as of the day following the day on which the exercise period for the above mentioned purchase option ends and this during 365 days. The price at which these shares are sold - upon exercise of the put option - is equal to the price at which the shares were acquired plus an annual return of 7%.

Note that the call and put options may impose a limit on the investor's return.