Equity as a security
What are B-shares?
B-shares is a new investment form on Companisto, which - like the A-shares - was created for professional investors. B-shares are equity investments in the form of a security with voting rights.
The GmbH shares of the B-share investors are not held by the B-share investors themselves, but bundled by a special purpose vehicle (SPV) created specifically for the financing round. The SPV passes on the dividends and exit proceeds from the GmbH shares to the B-Share investors and represents the B-share investors in shareholder resolutions. The B-share investors vote beforehand in a pooling vote on shareholder resolutions of the start-up, and the SPV then votes uniformly for the B-share investors at the shareholders' meeting.
What is the difference between A-shares and B-shares?
A-shares and B-shares convey the same indirect participation rate and have the same indirect voting rights at shareholders' meetings. While the GmbH shares are held by the A-share investors themselves, the GmbH shares of the B-share investors are held by an SPV.
The subscription of A-shares requires the (one-time) granting of a notarised power of attorney, while B-shares can be subscribed online (without granting power of attorney). Only A-share investments can be sponsored with the INVEST grant.
via SPV
(no notarized power of attorney required)
How does the investment in B-shares work?
B-shares can be subscribed directly online (a notarised power of attorney is not required). Any amount of investment can be selected (minimum investment: €10,000). There will be no bidding process.
B-shares are depositable through Clearstream connection
The B-shares are depositable securities with their own WKN (Securities Identification Number) and ISIN (International Securities Identification Number). Through a Clearstream connection, the B-shares can be deposited and held in any securities account of a bank or an online broker. The deposit of the B-shares into your account will be initiated by Companisto after the completion of the financing round. All we need is your securities account number and your bank sort code or BIC.
