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Lseat 1A

Tax Shelter
Equity Belgium 78 investors
Converts a regular economy seat to sleep mode
Terms & Conditions
Pre money valuation
Equity offered
Amount raised
35 days
Minimum target
118% funded

The capital increase in which Spreds Finance would participate with other investors fits into a broader financing of WifiTechnologies planned to be between €75,000 and €474,000 (the “Capital Increase”).

The Notes shall only be issued if the following, cumulative, conditions precedent to the subscription of Spreds Finance to the Capital Increase of WifiTechnologies as listed below are fulfilled within 6 months of the Closing Date:

- The total amount of firm commitments of subscription to this Capital Increase reaches at least €75,000 and does not exceed €474,000.

- The pre money valuation of WifiTechnologies does not exceed €7,000,000.

- One or more investors invest a minimum of €25,000, and this without use of the Lseat 1A Compartment.

- Spreds Finance participates in the Capital Increase for an amount equal to the result of the subscription to the Notes of the Lseat 1A Compartment. This amount must be at least € 50,000 and cannot exceed € 424,000, calculated over a period of 12 months.

- Spreds Finance is granted equal rights in terms of transferability of the shares of WifiTechnologies as those stipulated for the benefit of the other investors participating in the Capital Increase.

Furthermore, Spreds Finance is granted a tag along right with regards to one or more shareholders of WifiTechnologies in the sense that, in case of transfer of shares by the designated shareholder (including the sale, transfer, exchange, etc. of shares) Spreds Finance will be able to transfer its shares in WifiTechnologies the same time, in the same proportion and under the same conditions.

Spreds Finance checks if such conditions precedent are fulfilled at the latest 6 months after the Closing Date (“Effective Date”), i.e. December 30th, 2020. In case one or several of these conditions is not fulfilled on the Effective Date, the Notes will not be issued and the Investors will be reimbursed their respective Subscription Amount no later than 15 business days from the Effective Date.

This offer may be closed early (as of May 31st, 2020) at the decision of Spreds Finance if the total number of subscriptions reaches the minimum amount of the offer, i.e. €50,000.

Please note that each investor may respond to the offer for the subscription to Notes of the Lseat 1A Compartment for an amount of EUR 5,000 maximum.


This business qualifies for the startup tax shelter. If you meet the conditions, 45% of your investment will be reducted from your personal income taxes. Read more…
Please note €166,800 remains available for Tax Shelter investments.