After 3 years of R&D and the launch of its website and resellers program in 2019 with numerous positive reviews and feedback about the validity of its products WAVAYA™ is now looking forward to becoming a worldwide leading brand for cIEMs, IEMs and other audio products to come. Being our company fully capitalized by shareholders and debt-free we are accepting new ventures and capitalization with the private placement of shares.
The first issuance of shares will be based upon the technology, the brand and the success acquired during the startup phase rather than the actual value of the assets and the financial statements of the Company: elements that will drive the second issuance.
Each phase will be put in escrow during the second quarter and completed at the beginning of the subsequent year.
2q 2019 issuance
WAVAYA™ will be spin-off out Cytalia Corporate Center LTD and will issue 294 private class B shares for a total par value of 294.000€ worth the 49% of the total capital with the same rights on dividends of common shares.
The shares will be issued trough our fiduciary company and privately placed between selected shareholders or business angels.
Minimum stock investment for each shareholder is set to 20 shares.
This issuance value is based upon WAVAYA™ potentialities rather than financial statements and assets since there aren’t enough positive figures on our balance to motivate a value-related investment.
This first issuance is considered to be highly profitable but at the same way will not meet the needs of standard speculators who care mostly about numbers rather than potential.
2q 2020 issuance
On the second quarter of 2020 eventual unallocated shares from the first placement and a new batch of 300 class B shares will be issued and valued depending upon business trends and financial data of the company in order to exceed the 1M capitalization.
This issuance will be based upon the real value of the company at the moment of placement and may be avoided in case of lack of need by the Directors of the new spin-off.
This placement is foreseen to be issued at about the double of the price of the first one and financial statements will be provided to qualified investors under NDNCA agreement.
The minimum investment for this phase is set to 25 shares but may be revised just before issuance based upon the actual situation of the company and its financial assets and sales trends.