Thus standard duration of the loan is 5 years. If no conversion moment occurs during the duration of the loan of 5 years, so no follow-up investment came in, there are basically two options: 1. If one or more investors want to convert to shares, an independent register-accountant will be appointed to make a valuation of the business. Investors can then convert based on this valuation. 2. For investors that don’t want to convert, the loan will be extended by 2 years.
Articles in this section
- Can I use an existing STAK
- Which documents are provided by Symbid
- What happens when no significant follow-up investment comes in during the duration of the loan?
- Can an investor decide to convert, or to not convert?
- Does Symbid ask any personal pledge or collateral for the convertible loan?
- When should I pay interest to the investors?
- What’s the interest rate for a convertible loan?