Digiteal 1A

Before the capital increase in which Spreds Finance will participate at the end of the offer, the entrepreneurs of Teal IT (Digiteal) jointly hold 74,04% of the shares of the company while the external investors hold jointly 25,96% of the shares.

The capital increase to which Spreds Finance will participate is part of a broader funding of Teal IT (Digiteal) considered between 600,000 EUR and 1,300,000 EUR.

This funding will be allocated as follow :

- Between minimum 50,000 EUR and maximum 550,000 EUR will be subscribed by Spreds Finance based on the results of the issuing Notes ;

- A minimum of 50,000 EUR and a maximum of 1,250,000 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 2,300,000 EUR. Following this increase in capital, the value of the company will be between 2,900,000 EUR and 3,600,000 EUR, meaning an estimated valuation of 2,300,000 EUR before increase of capital plus between 600,000 EUR and 1,300,000 EUR of new money brought in.

The table below presents the percentages of the capital held by the Teal IT (Digiteal) account of Spreds Finance depending on the results of the Notes issue (i.e., a minimum of 50,000 EUR and maximum of 550,000 EUR) and the minimum and maximum amounts contributed by the other investors (i.e., a minimum of 50,000 EUR and a maximum of 1,250,000 EUR).