GelatoPack impressed the jury. And honors GelatoPack with the German Packaging Award. An international…
is probing on the hottest day of the year – at 37°C in the shade – whether the GelatoPack delivery box keep it’s promises.
GelatoPack impressed the jury. And honors GelatoPack with the German Packaging Award. An international…
is probing on the hottest day of the year – at 37°C in the shade – whether the GelatoPack delivery box keep it’s promises.
GelatoPack GmbH has 25,000 shares at EUR 1 each, convertible loan amount e.g. EUR 100,000, term 3 years, agreed valuation discount 5%.
A further financing round takes place before the term of the convertible loan expires. In this round, GelatoPack GmbH is valued at EUR 1 million. One share therefore has a value of EUR 40 (EUR 1,000,000 / 25,000 shares = EUR 40).
The convertible lender is entitled to shares in the amount of his convertible loan, i.e. EUR 100,000. As agreed, he receives a valuation discount of 5%. Instead of EUR 40, a share therefore only costs him EUR 38. As he has to pay a nominal EUR 1 on each share as part of the capital increase, his price per share is ultimately reduced to EUR 37.
The total claim of the convertible lender (here EUR 100,000) is now divided by the price per share (EUR 37). This results in the number of shares that the convertible lender receives: in this case 2,702 shares, i.e. his pre-money shareholding is 10.81%.
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