Even though theyâd be investing under, presumably, a different share price?
Itâs up to you, once you have completed the purchase of the shares, then as usual youâll be able to sell them to others, assuming you can find a buyer.
There wonât be a special process in this instance to enable you to pass your pledge on to others, before you have bought the shares.
2 Likes
In the June round will there be restrictions placed on those who have already invested in May I.e. disallowed from investing again
I would certainly hope notâŚ
9 Likes
Not at all! Youâll be able to invest again. 
7 Likes
I think the in forum icon should be differentâŚperhaps a âCCâ with a clown nose for the previous round! I would attempt to make a mock up but it would take far too long! 
2 Likes
I got big concerns previously about pre emption rights and freetrade team assured that they would like us to participate in future rounds regardless of B class shares.
@Viktor Thanks for confirming that this round investors would be able to invest again in June as well.
1 Like
Surely if you are growing at 12% per week, plus ÂŁ2m more in the bank, means in 5 weeks valuation will be necessarily higher?
4 Likes
@adam, due to sudden closing of this round , didnât get a chance to have some meaningful discussion, Q&A sessions with FT team. Are you going to have a webinar kind of session where atleast new investors can talk with founders and ask questions ?
6 Likes
Note on EIS eligibility and advance assurance:
Freetrade has been eligible for SEIS and then EIS from the very start and all of our crowdfunding investors that were eligible to claim this type of tax relief have been able to do so.
HMRC provides a service to companies for obtaining âadvance assuranceâ or âAAâ on eligibility for EIS before an investment round, so that investors can feel assured that they will be able to claim the relief before investing. Weâve applied and received this before, which we included in the pitch documents.
That said, there is no requirement to obtain AA. If a company is eligible, they are eligible regardless of an AA letter.
As we have been confirmed as eligible before, it follows that we are still eligible unless we now violate the criteria. We havenât. In fact, we have to keep following the EIS rules for three years after the issue of shares otherwise our existing investors would lose the relief. There are limits on the amount of EIS available though:
- There is a limit of ÂŁ5 million per 12 month period
- There is a limit of ÂŁ12 million in total over the life of the company
There are rules for EIS investors as well, such as how long they need to hold the shares before selling and still maintain the tax relief. This depends on your personal circumstance and you should seek your own tax advice.
You can read more here on the EIS scheme and the rules : Use the Enterprise Investment Scheme (EIS) to raise money for your company - GOV.UK
Any discussion beyond the facts stated above would be best posted on the Crowdcube pitch page/forum.
9 Likes
Feel this is the best solution for everyone but if there both going to be classed as round 4 I.e April and June raise they should be at the same price per share.how can you have someone in April paying 86p and then say you up the price to over a pound in June and there both classed as round 4 investors.Plus the rewards need to be the same.
We had an event on Tuesday in advance of the round for this exact reason. Weâll do something similar before any further funding round and if you want to meet the team we have a community meet-up every month with pizza and drinks. So far they have only been in London but weâll soon be doing some in other UK cities. Hope to see you there!
But itâs not like we closed this round suddenly. It was up for way longer than it would have been if there were no technical issues preventing smooth investment.
If you have any specific questions on the round, Iâll still answer any questions posted on the Crowdcube forum/pitch page.
5 Likes
@Drew Letâs assume if crowdcube and FT both allows additional funding now. Then you wonât get EIS so effectively loss of 30% (technically it is 42% as you would be getting ÂŁ30 tax credit on ÂŁ100 investment ) and provision to offset up to 45% (based on personal tax situation) in case of wind up/losses as well as unlimited capital gain tax free benifits. I have seen lots of cases where investors didnât buy outside the shares even though the next round of price was more than 50% due to above reasons.
So it is better to invest in June even if it is a slight higher valuation. Of course if you get same price then it is a bonus . However looking at current demand , growth and additional buzz due to current issue everyone is talking and we will have additional FT users before June funding round, it seems that it may be higher
3 Likes
@adam, thanks for offer. As a new investor and new FT member , I wasnât aware about such events. Good to know. FYI, I am currently using HL so for sure looking forward to start using FT in full capacity. Do you have any plan to support SIPP?.if yes then it will drastically increase the FTâs topline and bottom line:-)
2 Likes
Will the investment from this round and June round be aggregated to work out the level of perks?
2 Likes
Yeah I understand that just a bit gutted cause I was one of the 1st on the link there but mine crashed and I couldnât get it back up.I no how quickly freetrade are growing and that there price will no doubt go up.Least next time hopefully everything is fixed to deal with the load which will no doubt be even more than yesterday.
Weâll let you know nearer the time.
3 Likes
FT is also better off by the circa ÂŁ2M April raise. That cannot be ignored.
7 Likes
Donât understand why itâll be part of the same round, as multiple people have said above⌠Iâd hope the company is more valuable in 1+ months time.
Not sure why no one has answered this concern
To be clear, it will be a distinct round. The fourth round on Crowdcube is now closed.
The price per share will be different.
However, given how close it will be, it is not the same as previous rounds that were raised in different years. Weâll have the same video and wonât change the pitch much. Rewards will be the same, should feel pretty similar tbh.
We hope to have many more customers by next time and will have lots of progress on making the product better.
25 Likes