We understand that founders sometimes need to raise money or issues shares without using FounderCatalyst for various reason and that's cool - we aren't the jealous type.
Here is what you need to know.
Before the issue of shares:
- You need to get authority to issues shares (board minutes, shareholder resolutions and potentially investor consents).
Once you've issues shares:
- You need to file any necessary paperwork - see our handy article
- You should notify FounderCatalyst that we need to update the captable with the changes - please log a support ticket detailing the following for your new shareholder: forename, surname, email address, date shares issued, number of shares, price paid per share, share class and whether the shares were SEIS/EIS. They will then be invited to the platform.
We won't:
- sanity check that your investment details or conversion mechanics, if applicable, are correct - we are simply updating the captable based upon your instructions.
- Provide any paperwork to convert / allot the shares - we assume you've got that covered.
- Issue share certificates for these new shareholders.
- Undertake the SEIS1/SEIS3 (compliance and certificate process) for these shareholders, if required.
- Update any existing documentation at this time - though if you start a new terms / same terms funding round these new shareholders will appear in the relevant schedule.
