What are the terms of the Propel Capital convertible?
For full terms and conditions, please contact [email protected]. Read more for an overall summary of the terms:
For full terms and conditions, please contact [email protected]. Here is an overall summary of the terms:
- The loan of SEK 500,000 falls due for payment after two years to the extent that conversion has not taken place before.
- The loan has an annual interest rate of 10%.
- Propel Capital has the right (but not the obligation) to convert when the company has made a new issue/s to investors for a total amount of at least SEK 1 million in external capital.
- Conversion price: 70% of the new issue price, but not higher than what corresponds to a valuation of all shares in the company of 20 million before conversion.
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Programs
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Focus Areas
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Companies
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Pre-Sting
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