Spring gives investors enforceable economic upside and protection on the downside, as well as the transferable assets.
Upside enforcement. Each raise is backed by a dedicated legal structure holding an interest in the company. Investors receive equity-backed tokens giving them a legally enforceable economic claim on the proceeds of that interest, documented upfront in a deed poll and investment agreement. A deed poll ties the tokens to that interest and sets out each investor's rights if a liquidity event occurs.
Transferable assets. Tokens can be transferred (without changing the company's cap table) to the eligible recipient once the initial lockup and vesting have made them transferable. Transfers are available only after the 12-month lockup and only to verified investors who accept the investment terms and deed poll; there is no guarantee of a secondary market.
Downside protection. Investors can vote on how committed funds are released. They can approve or deny a company's request for faster release, and they can vote to reclaim any funds not yet released.
Every company is reviewed internally before it lists on Spring.
Need more help?
We’ve aimed to cover everything here, but if your question isn’t answered — or you’ve spotted something that needs correcting — contact us at team@usespring.io
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