WARNING
The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision.
If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.
You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
The opportunity exists for wholesale investors to express interest in FirstBuild Limited. New Zealand faces a major housing shortage, and Auckland and Tauranga are listed in the top least affordable cities in the world to buy homes. For over 150 years the technology to deliver houses in New Zealand has not changed, and there has been little innovation in large scale house manufacturing until now.
The FirstBuild Founders are driven by a mutual belief that our kids should be able to afford a house in New Zealand. FirstBuild’s vision is to deliver New Zealand families with high quality modern modular homes that offer great choice, are affordable, fast to deliver and better for our environment.
FirstBuild has developed a flexible and innovative modular design which uses standard
timber flooring cassettes and a patent pending engineered steel bracketing system that
connects the houses together - it's like Lego; but bigger!
FirstBuild provides market innovation in quality of product, consumer choice, affordability, rapid build times and ease of haulage to build sites all across the country.
The offer
FirstBuild is looking for funding partner(s) to provide $800,000 to support manufacturing
capacity and growth.
The funding instrument is a Convertible Note(s), with the terms as set out in the attached Convertible Note Agreement