At present, the capital of North Atlantic Food Trading SPRL/BVBA amounts to 25,000 EUR and is entirely paid in. It is represented by 2,500 shares, which are all held by the managers.
The capital increase in which Spreds Finance will participate with other investors fits into a broader financing of North Atlantic Food Trading SPRL/BVBA planned to be between 100,000 EUR and 200,000 EUR (the “Capital Increase”). This financing can be broken down as follows:
- Between minimum 50,000 EUR and 100,000 EUR (depending on the result of the issue of the Notes of the Friiz Fruit compartment) shall be contributed by Spreds Finance in a capital increase of between 100,000 EUR and 200,000 EUR at a pre-money valuation of 1,000,000 EUR.
- Between 50,000 EUR and 150,000 EUR shall be contributed by others investors (business angels, …) at a pre-money valuation of 1,000,000 EUR.
Prior to the Capital Increase, North Atlantic Food Trading SPRL/BVBA has been valued at 1,000,000 EUR. The value of North Atlantic Food Trading SPRL/BVBA following the Capital Increase can be estimated between 1,100,000 EUR and 1,200,000 EUR, i.e. the premoney valuation of North Atlantic Food Trading SPRL/BVBA increased by the amount of 100,000 EUR to 200,000 EUR contributed in the Capital Increase.