On 1st June, Frequency launched their equity crowdfunding campaign with a target of €350,000 in return for 21% equity in the business. Over the course of the next 30 days this campaign was promoted to the Spark Crowdfunding database of investors using webinars and other social media channels. In the current environment it was not possible to arrange physical investor presentations.
The campaign closed on 3rd July and achieved over €370,000 in investment from Irish investors. You would be hard-pressed to think of a more uncertain time in the history of the aviation industry, which makes the idea of success of this fundraising campaign all the more remarkable. Frequency is an EIIS qualifying company, which means investors can receive a tax rebate of 40% of their investment, effectively giving shareholders a 40% discount on their investment.
Delighted to announce the successful completion of our Spark Crowdfunding Campaign. Please click on the link to learn more. We appreciate your interest and would be delighted to connect if you have any questions.
Frequency at Spark Crowdfunding