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Do convertible loans have to be integer multiples of a debt security?
Yes. The acquisition of equity or shares cannot be partial, so you can only convert outstanding capital corresponding to a whole multiple of the share value.
For example, in the case of the Biovilla project, if the investor has loaned 2.200€ to the promoter, the investor can convert 2.000€ of the invested capital into 4 Biovilla shares, at the price of 500€ each. The investor will then become a shareholder of the cooperative, holding 2.000€ of its capital. The remaining 200€ will continue to be considered as outstanding capital, to be repaid according to the payment plan previously stipulated in the, initially signed, loan agreement.
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Power Parity, SA is a commercial company based in Portugal, owner of the crowdlending platform GOPARITY and holder of an activity license under Regulation (EU) 2020/1503 (European Crowdfunding Regulation), regulated and supervised by the CMVM (Portuguese Securities Market Commission).<br>Payment services at GOPARITY 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.<br>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.