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Pelican Trading

Follow-on - Pre-emption

Profile
Pelican is an FCA regulated app (Android & iOS) where you can trade, chat and analyze performance.

EIS

Location
GB London, United Kingdom

Categories: Finance & Payments Digital B2C

Social Media
Website
www.pelicantrading.io
Company number
9437275
Incorporation date
12 Feb 2015
Investment sought:
£8,434
Equity offered:
0.26%
Funded 14 Mar 2018
Investment
amount:
£8,534
Valuation
(pre-money):
£3,212,355

Idea

Introduction

Pelican is an App that connects traders.

We are an FCA regulated app (Android & iOS) where you can trade, chat and analyze performance in one place. The aim is to become the global network for retail traders, just as Bloomberg is for institutional traders.

The Current Situation.
We believe that trading in isolation is not beneficial to performance. Our research shows traders share information via makeshift communication channels like WhatsAPP before trading elsewhere.

Pelican Solution.
We integrate trade execution with communication into a central network for traders. Users can connect with their own personal network or discover and swap ideas with other market professionals.

How?
Technically we have integrated a communications platform with a trade execution system.

The Vision.
Bloomberg has been successful in connecting the professional traders. Pelican is looking to replicate this model for the retail trader.

Use of funds.
Pelican is a product-led company - the majority of funds will be spent on development.

Development projects include, but not limited too:
- Optimising the current App
- Allow connection to MT4.
- Allow connection to other brokers.
- Build Flamingo (sports betting version).
- Build desktop version.
- Build asset management offering (auto-copying).
- Introduce share dealing (in addition to FX & CFD trading).

As this is a pre-emption campaign open only for existing shareholders, minimum details are being provided. More information on Pelican Trading can be found on the company's website or by downloading the supplementary document. Please note, this information has not been verified or approved by Seedrs.

Pre-emption details

The Company has raised 2 rounds of investment, on which Seedrs investors have pre-emption rights:

November 2016: £566,200 investment at a £0.08 share price.
December 2017: £1,007,193.67 investment at a £0.1247 share price.

Because 2 rounds have occurred (at 2 different share prices) since the Seedrs investment, this pre-emption round is being run in a slightly different manner:
> This campaign is being run at the lowest share price of £0.08.
>Investors may invest as little or as much as they like in this round. However, if the aggregate pre-emption rights for Seedrs on the November 2016 investment are exceeded, then investors may be scaled back.
> If this campaign is oversubscribed and investors need to be scaled back, we will then open a new campaign at the next share price (£0.1247) to allow investors to take up their full pre-emption rights across both rounds.

The email sent to each investor sets out:
- your minimum pre-emption rights at the £0.08 price (ie your secured allotment for this round); AND
- your pre-emption rights over both rounds - ie how many shares you will need to purchase across both rounds to counter the dilution of the raises.

For those looking to counter dilution across both rounds, you are welcome to subscribe for these shares in this campaign. Depending on demand from other investors, your full subscription may be accepted at this price or may be scaled back as above.

To access the Pelican Trading team biographies, including current ownership

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To comply with financial regulations, we can only show full campaign details to registered users

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To comply with financial regulations, we can only show full campaign details to registered users

To find out more

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To comply with financial regulations, we can only show full campaign details to registered users

To find out more

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To comply with financial regulations, we can only show full campaign details to registered users

Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.