Crowdfunding 2023 - 🎈

[SlimShadey (Mr X)]

I’m pretty sure if you invested in the last CC CLN you won’t get preference shares.

[ItSecTrader (Warren Lynch Smith)]

This was in the CLN:
"Investors in the first loan note will receive Series B preference shares (or Series C preference shares if they convert as a result of a Series C funding round).

Investors in the second note will receive Series A preference shares."

[Coolsmp (Investor R7)]

Another 50k and Freetrade will reach £2 million for this round, 8 days left.

[omarft (Omar Farag)]

AMA community meetup - Crowdfunding 2023

Hi everyone [:wave:] We have extended our 2023 crowdfunding to Thursday 6 July 2023 as we had a lot of questions from the community and we want to address these live. At the event on Tuesday 4 July, we’ll have Adam and some of the C-suite doing a live AMA, while also taking some questions posted on the forum before the event. Head here to post your questions for Adam and the team. This event will also be live streamed in a webcast. [Sign Up Here] See you soon. If you haven’t already, check…

Get your tickets!

[Birgirm (Birgir)]

EU agrees deal on securities rules that includes ban on broker commission

This will only help Freetrade.

[Dave (Dave Smith)]

That headline is misleading though, PFOF != Broker Commission

[Eden]

Seems they’ve just hit 2 million

[Randsta (Andy James)]

[TInvest]

What does that mean? Double the capital raised, or do people only get half what they asked for?

[Wulfy]

It means they will take double the amount they had originally set the goal for.

[Coolsmp (Investor R7)]

I think Adam said in the AMA Freetrade were hoping for £2m to £2.5m. The million target is just a Crowdcube marketing gimmick

[fryry]

Assuming a few pull out during the cooling down period, it looks like FT will have a clean £2M in the bag

[JTJB (Jack)]

The £2M raise value was a psychological number for me where I’d have pulled my investment in this round if it didn’t break that, so happy to see it heading clear

[omarft (Omar Farag)]

Join us on the webinar, starting at 7pm AMA community meetup - Crowdfunding 2023 - #8 by omarft

[ItSecTrader (Warren Lynch Smith)]

Just to confirm that in today’s AMA it was confirmed that all the shares from the CLN round will be converted as Series B preference shares.
Good news for CLN investors!

[pkalra (Parvinder Singh Kalra)]

@acamp Is there a recording for the community meetup last evening for those who couldn’t attend in person? It will be great if that can be shared. Thanks in advance.

[SecureHttp]

May I ask, what’s the significance of it being Series B preference shares

[fryry]

As I understand it, preference shares are first in line for any administration distributions. If FT failed and they had £5M left in the bank for example, preference shareholders would be made whole first.

[Jubatus]

‘Series B’ shares also have voting rights, whereas ‘B Investment’ shares do not.

[SlimShadey (Mr X)]

@fryry

As I understand it, preference shares are first in line for any administration distributions. If FT failed and they had £5M left in the bank for example, preference shareholders would be made whole first.

After the debt financing has been repaid.