From a legal point of view, profit participation rights are a capital transfer relationship under the law of obligations, in which the holder of the profit participation rights provides capital to a company in return for the granting of profit-sharing rights. In the context of our crowdinvesting campaign this means that you’ll transfer money to us for a fixed period of time and, in return, receive claims to a share of our profits or interest. In contrast to shareholders or partners of a company, you won’t become a co-owner of Tomorrow by owning participation rights, but remain a creditor. However, the founders of Tomorrow are planning on creating an additional seat for crowdinvestors on the advisory board, which will be assigned to a representative chosen by the board. Tomorrow is the first company in Germany to take this step. Rather than being symbolic, this seat will have controlling, voting and co-determination rights just like the Impact Council.
Modified on: Tue, 17 Jan, 2023 at 10:12 AM
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