NuBattNuBatt PPM

Securities & Regulatory Disclosures

Securities law compliance and investor information


Securities Offered

Overview

ItemDetails
IssuerNuBatt Pte. Ltd.
Security TypeOrdinary shares
Jurisdiction of IssuanceRepublic of Singapore
Governing LawLaws of Singapore
CurrencyUnited States Dollars (USD)

Terms of Securities

TermDetails
Total OfferingUS$119,000,000
Equity Offered30% of post-investment share capital
Implied Pre-Money Valuation~US$397,000,000
Implied Post-Money Valuation~US$516,000,000
Price Per ShareTo be determined at closing
Share ClassOrdinary shares (unless otherwise negotiated)

Investment Structure

ComponentAmount
Lead InvestorUS$100,000,000
Co-InvestorsUS$19,000,000
Total RaiseUS$119,000,000

Rights of Shareholders

Ordinary shares carry the following rights:

RightDescription
VotingOne vote per share on all matters submitted to shareholders
DividendsPro rata participation in dividends if and when declared
LiquidationPro rata participation in net assets on winding up
InformationRights as specified in Shareholders Agreement
Pre-emptiveAs specified in Shareholders Agreement

Offering Exemption

Singapore Securities and Futures Act

This Offering is being conducted in reliance on exemptions from the prospectus requirements under the Securities and Futures Act 2001 of Singapore ("SFA").

ExemptionSFA SectionApplicable Investors
Institutional InvestorsSection 274Banks, insurance companies, statutory bodies
Accredited InvestorsSection 275(1)High net worth individuals, qualified corporations
Small OfferSection 275(1A)Offers to ≤50 persons within 12 months

This Offering may be made to persons who are "institutional investors" as defined under Section 4A of the SFA:

TypeDescription
BanksLicensed under the Banking Act
Insurance CompaniesLicensed under the Insurance Act
Trust CompaniesLicensed under the Trust Companies Act
Government BodiesStatutory boards, government agencies
Pension FundsApproved pension or provident funds
Collective Investment SchemesHolders of capital markets services licence

No Public Offering

This Memorandum is not for public distribution. Distribution is limited to qualified recipients only.

RestrictionApplication
No General SolicitationThis Memorandum is not for public distribution
No AdvertisingNo public advertisement of the Offering
Private DistributionDistribution limited to qualified recipients
No TradingSecurities not listed on any exchange

US Person Exclusion

This Offering is not being made to "U.S. persons" as defined under Regulation S of the U.S. Securities Act of 1933.

RestrictionApplication
No US OffersSecurities not offered or sold in the United States
No US PurchasersNot offered to US persons
Regulation S RelianceOffshore transaction exemption
Representation RequiredInvestors represent non-US person status

Transfer Restrictions

General Restrictions

RestrictionDescription
No Public MarketThere is no public trading market for the shares
Transfer ApprovalTransfers require board and/or shareholder approval
Right of First RefusalExisting shareholders may have ROFR rights
Holding PeriodSecurities should be held as long-term investments
Legend RequirementsShare certificates will bear restrictive legends

Share Certificate Legend

All share certificates issued in this Offering will bear a legend substantially as follows:

THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER ANY SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED, OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH APPLICABLE SECURITIES LAWS AND THE RESTRICTIONS SET FORTH IN THE COMPANY'S CONSTITUTIONAL DOCUMENTS AND ANY SHAREHOLDERS AGREEMENT.

Lock-Up Provisions

PartyLock-Up PeriodNotes
Founders/ManagementSubject to negotiationStandard 2-4 year vesting
New InvestorsSubject to negotiationTypically limited restrictions

Specific lock-up terms will be set forth in the Shareholders Agreement.

Pre-Approved Transfers

TypeConditions
Estate PlanningTransfers to family trusts or estate vehicles
Affiliate TransfersTransfers to controlled affiliates
Fund DistributionsDistributions to fund limited partners
PledgesPledges to lending institutions (with restrictions)

Investor Qualifications

Eligibility Requirements

RequirementDescription
Investor StatusMust qualify as institutional or accredited investor
SophisticationAbility to evaluate investment merits and risks
Financial CapacityAbility to bear complete loss of investment
Long-Term CommitmentUnderstanding of illiquid nature

Minimum Investment

ItemDetails
Minimum SubscriptionTo be determined
CurrencyUnited States Dollars
ClosingSingle closing anticipated

Investor Representations

Each investor will be required to represent and warrant:

RepresentationDescription
Accredited StatusQualifies as accredited/institutional investor
Investment IntentAcquiring shares for own account, not for distribution
SophisticationHas knowledge and experience to evaluate investment
Financial CapacityCan afford complete loss of investment
Information AccessHas received and reviewed this Memorandum
Independent DecisionMaking independent investment decision
No US PersonIs not a US person (if applicable)

Subscription Process

Process Overview

Receipt of Materials - Receive this Memorandum and supporting documents

Due Diligence - Review information, conduct due diligence

Investor Verification - Complete KYC/AML verification

Subscription Agreement - Execute subscription agreement

Payment - Transfer subscription funds

Acceptance - Company accepts or rejects subscription

Closing - Shares issued upon closing

Subscription Agreement

Investors will execute a subscription agreement containing:

ProvisionDescription
Investment AmountAmount of investment and shares subscribed
RepresentationsInvestor representations and warranties
ConditionsConditions to closing
Governing LawSingapore law

Payment Procedures

ItemDetails
MethodWire transfer to designated account
CurrencyUnited States Dollars
TimingPrior to or at closing
EscrowFunds may be held in escrow pending closing

Acceptance and Rejection

RightDescription
Company AcceptanceCompany reserves right to accept or reject any subscription
Partial AcceptanceCompany may accept subscriptions for reduced amounts
RejectionCompany may reject subscriptions in its sole discretion
RefundRejected subscriptions refunded without interest

Closing Conditions

ConditionDescription
Minimum RaiseAchievement of minimum investment threshold
DocumentationExecution of all transaction documents
RepresentationsAccuracy of all representations
ComplianceCompliance with applicable laws
No Material ChangeNo material adverse change in Company

Anti-Money Laundering Compliance

Know Your Customer (KYC)

All prospective investors must complete KYC verification before subscription can be accepted.

RequirementIndividual InvestorsCorporate Investors
IdentificationPassport, national IDCertificate of incorporation
Address VerificationUtility bill, bank statementRegistered office documentation
Source of FundsDeclaration of sourceCorporate documentation
Background CheckSanctions screeningUBO and director screening

Beneficial Ownership

RequirementDescription
Ultimate Beneficial OwnersDisclosure of individuals owning >25%
Control PersonsIdentification of controlling parties
Authorised SignatoriesVerification of signing authority

AML Compliance Framework

ElementDescription
Singapore RequirementsCompliance with Singapore AML laws
FATF StandardsAdherence to international standards
Sanctions ScreeningOFAC, UN, and other sanctions lists
PEP ScreeningPolitically exposed persons verification

Right to Reject

The Company reserves the right to:

ActionCircumstances
Reject SubscriptionFailure to complete KYC
Request InformationAdditional due diligence
TerminateSuspicious activity concerns
ReportSuspicious transactions to authorities

Privacy Notice

Data Collection

The Company collects personal data in connection with this Offering:

Data TypePurpose
Identity InformationName, identification numbers, date of birth
Contact InformationAddress, email, telephone
Financial InformationAccreditation verification, source of funds
Investment InformationSubscription amount, shareholding
BasisApplication
Contractual NecessityRequired to process subscription
Legal ObligationAML, tax reporting requirements
Legitimate InterestInvestor communications, corporate actions

Singapore PDPA Compliance

The Company complies with the Personal Data Protection Act 2012:

ObligationImplementation
ConsentObtained for data collection and use
Purpose LimitationData used only for stated purposes
AccessInvestors may request access to their data
CorrectionInvestors may request corrections
ProtectionAppropriate security measures implemented

Data Sharing

RecipientPurpose
Legal CounselLegal compliance, documentation
AuditorsFinancial audit, compliance verification
RegulatorsRegulatory reporting requirements
Service ProvidersShare registry, transfer agent
Tax AuthoritiesTax reporting obligations

Data Retention

PeriodApplication
Active InvestmentDuration of shareholding
Post-Exit7 years minimum (legal requirements)
Rejected Subscriptions5 years minimum

Investor Data Rights

Access

Request copy of personal data held

Correction

Request correction of inaccurate data

Portability

Request data in portable format

Withdrawal

Withdraw consent (subject to legal obligations)


Tax Considerations

THE FOLLOWING TAX SUMMARY IS GENERAL IN NATURE AND IS NOT INTENDED AS TAX ADVICE. PROSPECTIVE INVESTORS SHOULD CONSULT THEIR OWN TAX ADVISORS REGARDING THE TAX CONSEQUENCES OF AN INVESTMENT IN THE COMPANY.

Singapore Tax Considerations

ItemDetails
Corporate Tax Rate17% on chargeable income
Tax IncentivesPioneer status, R&D incentives may apply
Tax TreatiesSingapore has extensive tax treaty network

Investor Tax Responsibilities

ResponsibilityDescription
Own Tax AdviceInvestors should obtain independent tax advice
Jurisdictional VariationsTax treatment varies by investor jurisdiction
Reporting ObligationsInvestors responsible for own tax reporting
WithholdingCompany may be required to withhold taxes in certain cases

Information Reporting

RequirementDescription
CRSCommon Reporting Standard compliance
FATCAForeign Account Tax Compliance Act (US investors excluded)
Local RequirementsCompliance with local tax information exchange

Reporting Obligations

Company Reporting to Investors

ReportFrequencyContent
Annual Financial StatementsAnnuallyAudited financial statements
Quarterly UpdatesQuarterlyBusiness update, key metrics
Material EventsAs they occurMaterial developments
BudgetAnnuallyAnnual budget and business plan

Financial Statements

ElementDetails
Accounting StandardsSingapore Financial Reporting Standards
AuditAnnual audit by approved auditor
TimingWithin 6 months of financial year end
DistributionTo all shareholders

Material Event Notifications

The Company will notify investors of material events including:

EventNotification
Financing RoundsEquity or debt financings
Major ContractsMaterial customer or supplier contracts
LitigationMaterial legal proceedings
Management ChangesKey executive appointments or departures
Regulatory MattersSignificant regulatory developments
M&A ActivityMergers, acquisitions, or divestitures

Investor Access

RightDescription
Information RightsAccess to financial and operating information
Inspection RightsReasonable access to books and records
Management AccessReasonable access to management for Q&A

Amendment and Waiver

Amendment of Transaction Documents

DocumentAmendment Procedure
ConstitutionShareholder approval per Constitution
Shareholders AgreementAs specified in Agreement (typically majority consent)
Subscription AgreementMutual written consent
MatterThreshold
Administrative AmendmentsBoard approval
Material Amendments[Majority/Supermajority] shareholder approval
Amendment to RightsAffected class consent

Waiver Provisions

PrincipleApplication
Written WaiverWaivers must be in writing
No Implied WaiverFailure to enforce not a waiver
Specific WaiverWaiver does not extend to other provisions

Governing Law and Disputes

Governing Law

ElementGoverning Law
This MemorandumLaws of Singapore
ConstitutionLaws of Singapore
Shareholders AgreementLaws of Singapore
Subscription AgreementLaws of Singapore

Jurisdiction

ForumApplication
PrimaryCourts of Singapore
ExclusiveParties submit to exclusive jurisdiction
ServiceService of process provisions

Dispute Resolution

Negotiation - Good faith negotiation

Mediation - Optional mediation if agreed

Litigation - Singapore courts

Alternative: Arbitration provisions may be included in transaction documents.

Arbitration (if applicable)

TermDetails
InstitutionSingapore International Arbitration Centre (SIAC)
RulesSIAC Rules
SeatSingapore
LanguageEnglish
Number of Arbitrators[One/Three]
FinalityAward final and binding

Important Disclaimers

Forward-Looking Statements

This Memorandum contains forward-looking statements. Actual results may differ materially from projections.

IndicatorExamples
Words"Expect," "anticipate," "project," "estimate," "intend," "plan," "believe"
TopicsFuture revenues, market size, growth rates, product development
WarningDescription
UncertaintyForward-looking statements involve known and unknown risks
No GuaranteeActual results may differ materially from projections
No UpdateCompany not obligated to update forward-looking statements

Investment Risks

Investment in the Company involves a high degree of risk. Investors may lose their entire investment.

WarningDescription
High RiskInvestment in the Company involves a high degree of risk
Loss of InvestmentInvestors may lose their entire investment
No GuaranteeThere is no guarantee of any return on investment
IlliquiditySecurities are illiquid and may not be readily sold

No Guarantee of Returns

StatementDescription
No Profit GuaranteeCompany may not achieve profitability
No Dividend GuaranteeNo assurance that dividends will be paid
No Exit GuaranteeNo assurance of exit opportunity or IPO
No Valuation GuaranteeFuture valuations may be lower than current

Independent Advice

RecommendationDescription
Legal CounselConsult independent legal advisor
Tax AdvisorConsult independent tax advisor
Financial AdvisorConsult independent financial advisor
Own JudgmentMake investment decision based on own judgment

Information Accuracy

StatementDescription
Best KnowledgeInformation believed accurate as of date of Memorandum
No WarrantyNo warranty of completeness or accuracy
Subject to ChangeInformation may change without notice
Due DiligenceInvestors should conduct own due diligence

Investor Acknowledgments

By subscribing for shares, each investor acknowledges:

Receipt

Has received and reviewed this Memorandum

Understanding

Understands the risks of investment

Qualification

Meets investor qualification requirements

Capacity

Has full power and authority to invest

Own Decision

Is making an independent investment decision

No Reliance

Is not relying on any representation not in this Memorandum

Illiquidity

Understands the illiquid nature of the securities

Risk of Loss

Can afford to bear the complete loss of investment


Summary

Key Disclosures

ItemSummary
SecurityOrdinary shares of NuBatt Pte. Ltd.
ExemptionSingapore SFA Sections 274, 275, 276
RestrictionsSecurities are restricted; no public market
QualificationsInstitutional/accredited investors only
Governing LawSingapore
RisksHigh risk; potential loss of entire investment

Investor Obligations

ObligationDescription
VerificationComplete KYC/AML requirements
DocumentationExecute subscription agreement
PaymentFund subscription amount
ComplianceComply with transfer restrictions
TaxResponsible for own tax obligations

Company Obligations

ObligationDescription
ReportingProvide required financial and business reports
GovernanceMaintain corporate governance standards
ComplianceComply with Singapore law
InformationProvide access to information as agreed

[End of Securities & Regulatory Disclosures]

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