During onboarding, you will be asked for the details of the virtual shares that you create.
These include:
The name of the virtual shares and the ticker are the designations for your tokens. Both are freely selectable and can, for example, contain the company name. The ticker is the short form of the name of the virtual shares and can also be freely selected, but may only consist of three to five characters (e.g., MGT).
The number of virtual shares determines the maximum number that can be issued. For a share capital of 25,000 GmbH shares, we recommend issuing 25.000 virtual shares. However, the decision on how many virtual shares to issue always depends on your situation and the goals of your fundraising. Questions you should ask yourself to determine the number of virtual shares:
How much should be raised? How big should the dilution of the existing shares be?
The issue of virtual shares does not influence the distribution of voting rights, as they do not contain any voting rights. In economic terms, however, there is a dilution of the existing GmbH shares.
In order to determine the price per virtual share, a company valuation must be prepared. As this is your offer to investors, it is usually not necessary to have a formal company valuation carried out by an auditor. Rather, each offer reflects your valuation of the company at a certain point in time or corresponds to the valuation that investors are willing to accept. You can find more helpful tips on this topic here.
Price per virtual share = company valuation / (fully diluted capitalization incl. already issued virtual shares).
Assuming your company is worth €10 million and has 25,000 shares entered in the commercial register, plus 3,000 virtual shares already issued and no further options on shares, convertible loans or similar outstanding, the formula results in a rounded price per virtual share of €357.14.
10 million € / (25,000 + 3,000) = 357.14€
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