Risk summary (simplified)
Investing in growth companies through bonds involves very high risks. You can lose part or all of the money you invest.
The following text is a short and strongly simplified overview of selected risks of an investment in Resonandina Holanda B.V..
It is not complete and does not replace the detailed description of risks in the Key Investment Information Sheet (KIIS)..
Before you invest, you must read the KIIS in full and with care and check whether you can understand and bear all of the risks described there.
If there are any differences between this summary and the KIIS, only the KIIS is legally binding.
Key Risk Areas (Short Overview)
Business, execution and management risk
The business depends on leasing medical imaging equipment to hospitals and on the expected number of uses. If lease income is lower than planned, or funding for equipment is not available, the company may not be able to pay interest or repay the bonds in full. Delays or failures by suppliers, service providers, customers or equipment may also reduce income. The business also depends on key management, including its sole CEO/Managing Director.
Market, legal and currency risk
Demand for leased medical imaging devices may not develop as expected and hospitals may not enter into lease agreements. Economic changes, legal changes or proceedings could harm the business. The group borrows and receives income in different currencies and pays for equipment in US dollars. Exchange-rate changes may reduce cash available in euros for the bonds.
Default, return and liquidity risk
The project owner may be unable to meet its payment obligations and could become insolvent. In that case, you may lose part or all of the money you invest. Payments also depend on the value and enforceability of the collateral. Returns may be lower, delayed or not paid at all, and inflation, exchange rates, costs and your tax position can reduce your return. The bonds cannot normally be terminated early, and there is no stock exchange or liquid secondary market. You may have to hold them until maturity or sell at a loss.
Platform, investor-rights and technology risk
The platform may be unavailable or close, which can delay communication and payments, although your contractual claim against the project owner remains. The bonds give no voting or participation rights. Bond terms can be changed by the required majority of bondholders. The electronic register, digital safe deposit box and related technology may have faults, be attacked or fail. This could limit access to or transfers of the bonds, and in the worst case lead to a permanent loss of access.
A complete and detailed description of all risk factors can be found only in the KIIS in the documents section of this funding round.
