MyGrid 1A

Unlocking the Potential of Energy for All
total amount raised
  • Backed by over 60 investors
  • Eligible for a tax reduction
This campaign has been closed

This campaign has been extended to December 15, in accordance with the extension condition, as an amount of €48,000 has been raised as of October 20th.

The MYGRID 1A compartment of Spreds Finance would participate in the financing of MYGRID BV/SRL planned between €25,000 and €500,000 (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.

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 MYGRID 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 €500,000.

- The Capital Increase is realized on the basis of a pre-money valuation of maximum €2,833,333.

- The MYGRID 1A compartment of Spreds Finance participates in the Capital Increase in an amount equal to the result of the subscription of Notes of MYGRID 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"), being 01/05/2024. 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 01/08/2023 and ends on the Closing Date, which is in principle 01/11/2023.

It may be decided to extend the subscription period by 3 months (until 01/02/2024 at the latest), if the total amount of subscriptions on 01/11/2023 is at least €20,000.

The offering may be closed early once the minimum offering amount, of €25,000, has been reached.

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 01/05/2024 if the subscription period ends on 01/11/2023. 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 deduction for Belgian investors under the tax shelter incentive for start-ups.

The deduction of up to 45% of the total Nominal Amount of the Notes invested will be applicable as the underlying assets are shares in a micro company.

This means that the total tax benefit will thus be a maximum of € 225 per Note subscribed by the investor.

The available tax shelter budget is €500,000.

Support from an accelerator

MYGRID has completed the Start It @ KBC accelerator program and is also coached in the Mentor Me program by Network Ondernemen.