In order to use our products, it is necessary for you to set a price per token for your company based on a current valuation of your company.
It is also part of your investment offer to calculate the number of tokens to be issued.
In addition to the above requirements, a shareholder resolution is required in which the shareholders of your company approve the issue of GmbH tokens and determine the maximum number of tokens to be issued for the next 5 years.
This number can be changed at any time by a new shareholder resolution. In addition, this shareholder resolution authorizes the company to grant the rights to investors described in the investment documents of the GmbH tokens and to legally secure a possible conversion into GmbH shares when investors exercise the put option .
We provide you with a template for the shareholder resolution on the platform.
Only once the shareholder resolution has been signed can you, as the managing director, legally issue the number of GmbH tokens approved in the resolution that you require for a particular transaction.
Each GmbH token is then always newly created (minting) and embodies a new profit participation right; the GmbH token is therefore not a digital image of the existing shares - the latter continue to exist untouched according to the commercial register
In economic terms, the issue of GmbH tokens corresponds to a capital increase with newly created shares, with the difference that a profit participation right is issued as described above and there is no direct change to the share capital of your GmbH entered in the commercial register.
An increase in share capital can only be considered if the put option (conversion) is exercised. This applies to all our products.
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