Received just now:
This is an update relating to your investment in Freetrade.
As a reminder, Freetrade’s raise had two separate offers of shares, which will be completed and closed separately. The price and terms are the same for both offers. There were two separate offers of shares due to limits imposed by financial and EIS regulations, on the number of shares that companies can offer and issue within a 12-month period. As a result, Freetrade needs to separate the formal offers of shares and close them separately.
We have now completed the first offer of shares with the Company. As you have invested in the second tranche of the raise, we’ll be in contact in the next couple of weeks, when the completion process for the second offer of shares will commence. At which point, we will send you a cooling-off email.
The cooling-off email is a key part of the Crowdcube investment process, which many of you who have invested via Crowdcube before will be familiar with. The cooling-off email is the formal offer by Freetrade, to you, the investor, to purchase shares in the company.
The cooling-off email contains the Legal Review, which includes the full terms of the offer from Freetrade, along with disclosures about Freetrade and its affairs so that you have the necessary information to enable you to make a decision about whether or not to proceed with your investment. You will have 7 days from when the cooling-off email is sent to consider your investment before it is made final.
When the cooling-off period has expired we will send a payment warning email to notify you that your payment will be processed within 24 hours. Payment will be taken from the card you have provided. Should you wish to change the payment details you have provided when making your investment, you can do so via the ‘Payments’ section of your Crowdcube account.
The Crowdcube Team