CROWD FUNDING FAQ
Why is Atherton Bikes crowdfunding?
It's time to scale our business and make our bikes available worldwide. We want to create more chances for you to interact with our bikes, to see, touch and ride them and to increase our manufacturing capacity so that we can accept more orders. We’ve always tried to “put something back” into the sport that we love and we want to make sure that genuine mountain-biking and technology fans have a chance to share in the excitement and the rewards we are sure will come.
What is equity crowdfunding?
When you invest in equity you buy a percentage or share of a business. Hopefully the business you have backed goes on to make an ‘exit’ (by via a sale to another company) at a higher value than when you invested, and you will get a return on your investment and make a profit.
Just remember that investing in a start-up business carries significant risks, including illiquidity, lack of dividends, loss of your investment and dilution. You can read more about these risks on the Crowdcube website.
When will the campaign go live?
The campaign will go live for pre-registered users at the end of October. Register on this page to be sent our private crowdfund live link. It will then go live to other platform subscribers shortly after the preview period is to allow investors close to the Company to invest before others in the event the target is reached and the raise period ends early.
Who can invest?
You must be over 18 years old and legally entitled to invest. You’ll also need to be a resident of UK, Ireland or a country where you may legally receive financial promotions of the nature provided.
We’re sorry but residents of Japan, Canada and the US are not allowed to invest unless they are SEC accredited. You will need to be a Crowdcube member to invest – sign up on their website and they will ensure that you may invest.
Can I sell or transfer my shares?
Atherton Bikes is a private company, which means it doesn’t trade on a stock exchange. This means you can only sell Atherton Bikes shares when a ‘liquidity event’ occurs., that is when the whole or part of the company is sold, it lists on an exchange, or it sells a major asset such as a brand.
Can I apply for EIS or EIIS tax relief?
Yes. EIS tax relief is available to UK investors, and EIIS tax relief is available to investors in Ireland. Further information on this is available from the Crowdcube platform once it goes live.