Investing carries serious risks, including partial or total loss of capital. Please read the Key Investment Information Sheet and the Risk factors and login before investing.
CASC8 1A
The CASC8 1A compartment of Spreds Finance would participate in the financing of CASC8 BV/SRL planned between €900,000 and €2,500,000 (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 CASC8 by Spreds Finance (see below) are met:
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 CASC8 by Spreds Finance (see below) are met:
- The total amount of firm commitments in this financing round shall be at least €900,000 and not more than €2,500,000.
- The capital increase will be realized on the basis of a maximum pre-money valuation of €17,000,000.
- Spreds Finance will participate in the capital increase for an amount equal to the result of the subscription to Participatory Notes of the CASC8 1A Compartment. This amount must be at least €25,000.
Spreds Finance verifies that such conditions precedent are met no later than 6 months after the Closing Date ("Effective Date"), i.e. 22/11/2024. 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 22/02/2024 and ends on the Closing Date, which is in principle 22/05/2024.
It may be decided to extend the subscription period by 3 months (until 22/08/2024 at the latest), if the total amount of subscriptions on 22/05/2024 is at least €20,000.
The offering may be closed early once the minimum offering amount, of €25,000, has been reached.
Investors who have subscribed to the Participatory Notes before any extension of the subscription period will be notified by e-mail and will have the right to withdraw their investment for 4 calendar days, starting from the day of sending this e-mail.
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 22/11/2024 if the subscription period ends on 22/05/2024. This may be earlier (if the offering closes early) or later (if the subscription period is extended).
It may be decided to extend the subscription period by 3 months (until 22/08/2024 at the latest), if the total amount of subscriptions on 22/05/2024 is at least €20,000.
The offering may be closed early once the minimum offering amount, of €25,000, has been reached.
Investors who have subscribed to the Participatory Notes before any extension of the subscription period will be notified by e-mail and will have the right to withdraw their investment for 4 calendar days, starting from the day of sending this e-mail.
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 22/11/2024 if the subscription period ends on 22/05/2024. This may be earlier (if the offering closes early) or later (if the subscription period is extended).
Investments already confirmed
The company has already succeeded in securing €875,000 through institutional investors. The company will receive €675,000 in grants from VLAIO and €200,000 in equity from BAN VLAANDEREN.
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 | |
| Emits less than 3.7 t of CO2 per year, per employee | |
| Raised €10,000 during a private phase | |
| 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 | |
| Considered “compliant” on the assessment tool of Tapio | |
| 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 | €21,000 |
| Committed by others | €2,000,000 |
| Amount raised | €2,021,000 |
| Minimum round | €900,000 |
| Maximum round | €2,500,000 |
| Shares in the company (total round) | 12.821% |
| Pre-money valuation | €17,000,000 |
| Post-money valuation min. | €17,900,000 |
| Post-money valuation max. | €19,500,000 |