1. Existing shareholders
Before the capital increase in which Spreds Finance will participate at the end of the offer, the entrepreneurs of Tyro jointly hold 50% of the shares of the company while the external investors hold jointly 50% of the shares.
2. Forecasted capital increase
The capital increase to which Spreds Finance will participate is part of a broader funding of Tyro considered between 130,000 EUR and 160,000 EUR.
This funding will be allocated as follow :
- Between minimum 80,000 EUR and maximum 110,000 EUR will be subscribed by Spreds Finance based on the results of the issuing Notes
- 50,000 EUR will be invested by other investors, i.e business angels.
The value of the company before this increase in capital is presently estimated to be a maximum of 1.100,000 EUR. Following this increase in capital, the value of the company will be between 1,230,000 EUR and 1,260,000 EUR, meaning an estimated valuation of 1.100,000 EUR before increase of capital plus between 130,000 EUR and 160,000 EUR of new money brought in.
The table below presents the percentages of the capital held by the Tyro account of Spreds Finance depending on the results of the Notes issue (i.e., a minimum of 80,000 EUR and maximum of 110,000 EUR) and the amount contributed by the other investors (i.e., 50,000 EUR).