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Molfar 1A
Taste nature’s bounty in its purest form with Brussels’ rising star of fine dining
Key Investment Information Sheet
Terms & Conditions
€11,500
total amount raised
- Eligible for a tax reduction
The MOLFAR 1A compartment of Spreds Finance would participate in the financing of MAVKA GROUP BV/SRL planned between € 25,000 and € 800,000 (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 MAVKA GROUP 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 €800,000.
- The Capital increase is based on a maximum pre-money valuation of €1,200,000.
- The MOLFAR 1A compartment of Spreds Finance participates in the Capital Increase in an amount equal to the result of the subscription of Notes of the MOLFAR 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. 29/11/2024. 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.
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 MAVKA GROUP 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 €800,000.
- The Capital increase is based on a maximum pre-money valuation of €1,200,000.
- The MOLFAR 1A compartment of Spreds Finance participates in the Capital Increase in an amount equal to the result of the subscription of Notes of the MOLFAR 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. 29/11/2024. 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 29/02/2024 and ends on the Closing Date, which is in principle 29/05/2024.
It may be decided to extend the subscription period by 3 months (until 29/08/2024 at the latest), if the total amount of subscriptions on 29/05/2024 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.
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 29/11/2024 if the subscription period ends on 29/05/2024. This may be earlier (if the offering closes early) or later (if the subscription period is extended).
Tax Shelter (45%)
This investment is eligible for a tax reduction for Belgian investors under the tax incentive on tax shelter for start-ups.
The reduction of up to 45% 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 € 225 per Participatory Note. The available tax shelter budget is € 500,000.
TAX SHELTER 45%
Investments in this company benefit from a 45% personal income tax reduction. Read more…A remaining amount of €498,500 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 | |
| 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 | €11,500 |
| Committed by others | €0 |
| Amount raised | €11,500 |
| Minimum round | €25,000 |
| Maximum round | €800,000 |
| Shares in the company (total round) | 40% |
| Pre-money valuation | €1,200,000 |
| Post-money valuation min. | €1,225,000 |
| Post-money valuation max. | €2,000,000 |