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What is the legal relationship between the investor, Goparity and the promoter in the case of a convertible loan?
For regular loans, there is a legal relationship between the promoter and the investor, as borrower and lender respectively, established by a loan agreement.
In the case of a convertible loan, this relationship remains the same. However, a new option is added—namely, it’s given the right to convert outstanding capital into equity or shares in the promoter’s organisation.
When the conversion of the debt into shares or equity takes place, the process is to be handled between the promoter and the investor. The investor becomes a shareholder of the promoter’s organisation, and a contract is signed for this purpose.
Goparity operates as an intermediary between investors and promoters. After referring the investor to the promoter, Goparity does not intervene further in this process.
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GOPARITY (www.goparity.com) is a platform of crowdfunding by loans (crowdlending) managed and owned by Power Parity, SA, a public limited company, with number 514373822, and registered office at Travessa de São Pedro, nº 8, 1200 Lisboa (Portugal), licensed by the regulator and supervisor CMVM (Portuguese Securities Market Commission), under Regulation (EU) 2020/1503 (European Crowdfunding Regulation).
The payment services available through the platform are provided by MangoPay SA, a registered electronic money institution based in Luxembourg and supervised by the CSFF (Commission de Surveillance du Secteur Financier), registered with Banco Portugal (the Portuguese regulator) under no. 7830.
Investments in crowdlending carry a risk of partial or total loss of the funds invested. The return on your investment depends on the project's success developed through the campaign in which you invest. Your investment is not covered by the deposit guarantee schemes established by Directive 2014/49/EU nor by the investor compensation schemes established by Directive 97/9/EU. Please consider all risks before investing and carefully read the Key Investment Information Sheet (KIIS) provided to you before investing.