I. Existing shareholders
Before the capital increase in which Spreds Finance will participate at the end of the offer, the entrepreneurs of Betrail jointly hold 100% of the shares of the company.
II. Forecasted capital increase
The capital increase to which Spreds Finance will participate is part of a broader funding of Betrail considered between 200,000 EUR and 400,000 EUR.
This funding will be allocated as follow :
- Between minimum 25,000 EUR and maximum 55,000 EUR will be subscribed by Spreds Finance's Tax Shelter Tracer-based on the results of the issuing Notes ;
- A minimum of 100,100 EUR and a maximum of 350,000 EUR will be invested by other investors, i.e business angels, included the public campaign that Betrail has just closed on 13/8/2018 for which it raised 83,400 EUR.
The value of the company before this increase in capital is presently estimated to be a maximum of 900,000 EUR. Following this increase in capital, the value of the company will be between 1,100,000 EUR and 1,300,000 EUR, meaning an estimated valuation of 900,000 EUR before the increase of capital plus between 200,000 EUR and 400,000 EUR of new money brought in.
The table below presents the percentages of the capital held by the Betrail account of Spreds Finance depending on the results of the Notes issue (i.e., a minimum of 25,000 EUR and maximum of 55,000 EUR) and the minimum and maximum amounts contributed by the other investors (i.e., a minimum of 100,100 EUR and a maximum of 350,000 EUR).