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AuroMasters 1A
€28,500
total amount raised in round
4 days
remaining
- Eligible for a tax reduction
The AUROMASTERS 1A compartment of Spreds Finance would participate in the financing of AUROMASTERS NV/SA planned between €25,000 and €750,000 (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.
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 AUROMASTERS 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 € 750,000.
- The Capital increase is based on a maximum pre-money valuation of €2,400,000.
- The AUROMASTERS 1A compartment of Spreds Finance participates in the Capital Increase in an amount equal to the result of the subscription of Notes of the AUROMASTERS 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. 15/06/2025. 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 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 AUROMASTERS 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 € 750,000.
- The Capital increase is based on a maximum pre-money valuation of €2,400,000.
- The AUROMASTERS 1A compartment of Spreds Finance participates in the Capital Increase in an amount equal to the result of the subscription of Notes of the AUROMASTERS 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. 15/06/2025. 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 28/11/2024 and ends on the Closing Date, which is in principle 15/12/2024.
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 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 15/06/2025 if the subscription period ends on 15/12/2024. This may be earlier (if the offering closes early) or later (if the subscription period is extended).
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 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 15/06/2025 if the subscription period ends on 15/12/2024. This may be earlier (if the offering closes early) or later (if the subscription period is extended).
Tax Shelter (45%)
This investment opportunity is eligible for an income tax reduction for Belgian investors under the Belgian tax incentive system, the Start-Up Tax Shelter.
The maximum reduction of 45% of the total nominal amount invested in Participatory Notes is applicable because the underlying assets are the shares of a micro-enterprise.
This means that the total tax benefit will amount to a maximum of €225 per Participatory Note subscribed by the investor.
The budget available for Tax Shelter is €411,500.
Investments already confirmed
Two investors have already confirmed that they will jointly invest €20,000 on the same terms as those to which the AUROMASTERS 1A compartment of Spreds Finance would invest (if this offer is successful). This investment could be made directly or through the AUROMASTERS 1A compartment of Spreds Finance.
TAX SHELTER 45%
Investments in this company benefit from a 45% personal income tax reduction. Read more…A remaining amount of €394,500 is available for the Tax Shelter benefit.
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 | €28,500 |
Committed by others | €0 |
Amount raised | €28,500 |
Minimum round | €45,000 |
Maximum round | €750,000 |
Shares in the company (total round) | 23.81% |
Pre-money valuation | €2,400,000 |
Post-money valuation min. | €2,445,000 |
Post-money valuation max. | €3,150,000 |