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The STROLLO 1A compartment of Spreds Finance would participate in the financing of HEMCO INVEST BV/SRL planned between € 25,000 and € 250,000 (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.
 

Cumulative conditions precedent

 
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 HEMCO INVEST by Spreds Finance (see below) are met:
 
  • The total amount of commitments to subscribe to this Capital Increase is at least € 25,000 and not more than € 250,000.
     
  • The Capital Increase is based on a maximum pre-money valuation of €752,000.

  • The STROLLO 1A compartment of Spreds Finance participates in the Capital Increase in an amount equal to the result of the subscription of Notes of the STROLLO 1A compartment. This amount must be a minimum of €25,000.
 
Spreds Finance verifies that such conditions precedent are met no later than 6 months after the Closing Date ("Effective Date"), i.e. 13/04/2025. 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.
 

Subscription period

 
The subscription period begins on 10/07/2024 and ends on the Closing Date, which is in principle 13/10/2024.
 
 It may be decided to extend the subscription period by 3 months, until 13/01/2025 at the latest, if the total amount of subscriptions on 13/10/2024 is at least €20,000.
 
The offering may be closed early once the minimum offering amount, of €25,000, has been reached.
 
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 13/04/2025 if the subscription period ends on 13/10/2024. This may be earlier (if the offering closes early) or later (if the subscription period is extended).

Fact sheet

Advised by a professional start-up advisor
Valuation is set by the co-investor or incubator
Co-investor or incubator will be members or observers to the board
At the closing, an incubator, accelerator, or studio will have shares
At the closing, the entrepreneurs have contributed a minimum of €15,000 in cash in exchange for shares
At the closing, a professional co-investor will have invested at least €25,000
Prior fundraising in equity or convertible loan with 10 or more investors
Seasoned entrepreneurs
Minimum 2 active entrepreneurs
Valuation set by an organisation specialized in valuations of comparable size
Valuation is less than €1 million or 10x last year’s turnover

Raise summary

Crowd investments €10,000
Committed by others €0
Amount raised €10,000
Minimum round €25,000
Maximum round €250,000
Shares in the company (total round) 24.95%
Pre-money valuation €752,000
Post-money valuation min. €777,000
Post-money valuation max. €1,002,000