• zoom

  • Warning: Division by zero in /homepages/19/d637989628/htdocs/clickandbuilds/HighCastle/wp-content/themes/interiart/woocommerce/single-product/product-image.php on line 64
  • zoom


Originator: seedrs

Smart navigation made simple. A vision to make journeys better for everyone.

Categories: ,
Share on:

Product Description

Learn more about convertible campaigns.


Convertible Details

This investment round is being raised by way of a convertible instrument.

The key terms that apply to BeeLine convertible are as follows:

• Discount – conversion at a 20% discount to the valuation set by a Trigger Event.

• Valuation cap of £8,000,000

• Conversion is triggered by (“Trigger Events”):

o An Equity Fundraise – defined as the Company raising investment capital of at least £500,000 from one transaction or a series of transactions, in exchange for the company issuing of Ordinary Shares;

o A Change of Control of the company (transfer of more than 50% of the share capital); or

o An IPO – being a listing of the company’s shares on a recognised stock market or secondary market.

• Longstop Date is 12 months from the date of the convertible agreement.

If conversion has not been triggered by the longstop date shares will be issued on the longstop date at a valuation based on the lower of (i) the lowest price of any Ordinary Share issued after the date of this Agreement; and (ii) a pre-money company valuation of £3,000,000 on a fully diluted basis. The convertible would also convert to equity at this price in the event of winding up or liquidation of the company.

04 phone with device

Learn more

Equity: Convertible
Investment goal: 100 000 £
Funded: 127 509 £
Funded percent: 113%
Investors: 299

HighCastle is entirely FREE to use. If you are an investor, HighCastle can be used to discover a variety of alternative finance platforms from across Europe.
You do not need to verify your identity in order to use HighCastle as a discovery tool, however, you will need to verify your identity (KYC, AML) at your account page should you wish to invest in any of the investment opportunities on display.

Got something to discuss?