SpaceBands are fundraising – become a shareholder and be part of our journey to improve workplace safety for all. Make workplaces safer spaces. You'll be the first to know about this opportunity if you join our investor mailing list. Sign up here to be kept updated! Capital at risk.
Frequently Asked Questions
Our first device helped over 1000 companies, across the world, operate throughout the pandemic - by aiding social distancing and contact tracing. We knew our first product had limits to its lifecycle, which is why we've been working to create our next solution and product to take to market. We've built an all-in-one wearable, mobile and desktop app with multiple functions. This new device has been designed to minimise potential safety risks in the workplace.
A Crowdfunding platform allows you to directly invest in entrepreneurial brands and business ventures via a dedicated online portal. Crowdfunding gives you the opportunity to become shareholders in brands and businesses you believe in. This means you are able to support them in their mission plus have the opportunity to benefit financially from the growth of value if the business is successful.
Crowdcube is a UK-registered crowdfunding platform that started in 2009. To date they’ve successfully helped raise over £787m from 1347 pitches. SpaceBands are choosing to work with Crowdcube due to their impressive track record and reputation to make equity investment secure and accessible to all investors, regardless of the size of investment.
To invest in SpaceBands through Crowdcube, you must be over 18 years old and legally entitled to invest. You’ll also need to be a resident of the UK or a country where you may legally receive financial promotions of the nature provided. If you have any concerns regarding the legality of investing through the platform in your country of residence, you should seek independent legal advice before opening an account. Please note that Crowdcube may not advertise investment opportunities to those living in the United States, Canada, Japan or any other country where it would be unlawful for their pitches to be advertised. Please don’t register with Crowdcube if you are a resident of these countries. For US residents, there are however specific circumstances under which you can invest. Investor Restrictions: USA The following specific regulations (set by regulators in the US) apply to investments by US residents. If you’re a resident in the US, you can invest in SpaceBands through Crowdcube if you: Have accredited investor status (within the definition set forth in Rule 501 (a) of Regulation D under the Securities Act). Make a minimum investment of £20,000. Have an attorney licensed to practice in your state of residence confirm in writing that your investment is compliant with local law.
You can become a shareholder of SpaceBands by opening an account with Crowdcube and placing your investment through them. Your investment will be administered and held through your registered Crowdcube account. When creating your Crowdcube account, please make sure you create it in your own name, as they cannot accept joint investments. You’ll also be asked to choose an investor type (such as everyday, professional, etc.) and complete a quick questionnaire. The information provided through the questionnaire is to ensure you understand the high-risk nature of investing in start-ups and early-stage businesses. If you receive independent advice, you’re not required to fill out the questionnaire. It’s important to note that these investor types won’t apply to all other platforms. Capital at risk.
You’ll be able to invest shortly. Click 'GET NOTIFIED' to join our investment mailing list. When you register, you will be kept aware of the campaign launch date (remember to check your junk/spam folders too!). Capital at risk.
You can invest any amount from just £10 to £100k - there is no upper limit. The purpose of crowdfunding is to make equity investment in entrepreneurial businesses accessible to everyone, regardless of their appetite for risk or the size of their wallet.
At this stage Crowdcube does not have an active secondary market for equity investments, so you won’t be able to sell your shares straight away. As we reach our business and growth objectives, the company may be bought by a larger company, it could IPO on the stock market, and/or the management may buy back equity from investors. At that point, you will have the option to sell your shares.
The EIS (Enterprise Investment Scheme) is a tax relief scheme created by the UK government to encourage investment into startups and early-stage businesses by UK-based investors. As an investor, EIS benefits you by offering potentially significant income tax and capital gains reliefs when you make an investment into an EIS eligible startup or business. SpaceBands has received EIS advance assurance. Whether you can claim EIS/SEIS relief depends on your personal circumstances and the ongoing availability of these tax reliefs.
Investments of this nature carry risks to your capital and should be part of a diversified portfolio. Please invest aware.
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