A deliciously smooth and creamy dairy free alternative to milk made from Yellow Split-Peas!
Business Highlights
Fundraising history | This round | |
---|---|---|
Type
|
- | Equity - Pre-emption |
Last price changed
|
31 Jan 2020 | 04 Jun 2021 |
Valuation
|
£5,832,824.25 | £6,500,307.55 |
Share price
|
£19.05 | £21.23 |
Share price change (%)
|
0.00% | 11.44% |
Tax relief
|
- | EIS |
Idea
Preemption details
The company has raised a total of £1,200,000 from investors at a price per share of £21.23, equivalent to a pre-money valuation of £6,500,000. This campaign gives Seedrs investors the ability to take their pre-emption rights in the round.
Please note that £125,000 of the investment has been made through services in kind from one of the Company's institutional investors in the form of R&D. Your pro rata entitlement has been calculated on the full £1,200,000 investment.
Two of the institutional investors in the round were issued Ordinary A Shares, which carry a 1x non-participating preference. On an exit or liquidation event, proceeds will be distributed pro rata between shareholders unless the Ordinary A shareholders would receive less than their initial investment. In this case, the proceeds will first be distributed to the Ordinary A shareholders pro rata until they receive their initial investment. The remaining process will then be distributed pro rata amongst ordinary shareholders.
Seedrs investors in this pre-emption round will receive ordinary shares which do not carry a 1x non-participating preference but are eligible for EIS relief.
As this is a pre-emption campaign limited information is provided. More information can be found by reviewing the business's post investment page. This information has not been reviewed or approved by Seedrs.
Conversion of Convertible Loans
This equity round has triggered conversion of the Company's existing convertible loans, including the Future Fund convertible loan in which some Seedrs investors invested last year.
Investors in the Future Fund convertible loan will now have been issued Ordinary A shares in the company in accordance with the terms of the loan agreement.
For more details on conversion please see Seedrs' update from 4 June 2021 on the Company's post-investment page.
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If you successfully purchase a share lot of this business, you will be granted access.
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