Q-Bot EIS – existing shareholders

Q-Bot Limited ("Q-Bot") uses a robot to insulate the underfloor voids in houses, reducing heat loss, improving energy efficiency and decarbonising the housing stock. Management estimated the insulation – which doesn’t require the lifting or removal of floorboards – could be applicable to c. 10 million homes in the UK and many more in the US and EU. 

EMV Capital has just informed us the Company has suffered two major setbacks this month: it was unable to raise the required capital it set out to raise last month, and its new Executive Chair, Victor Vadaneaux, has resigned with immediate effect.

Malcolm Groat, who joined recently as Investment Director, has been promoted to Non-Executive Chair, taking over Victor’s responsibilities.  

Consequently, the Company is facing serious liquidity issues and has launched an emergency funding round at a deep discount, in a bid to prevent insolvency.  

Non-Executive Chair Malcolm Groat has prepared a letter to set out the issues and proposed plan in more detail.  

Meanwhile, shareholders are requested to vote on the Company’s Resolutions, to allow the Company to issue new shares. Votes need to be registered by Thursday 18 July. 

If after carefully reading all the documents, and if you are comfortable with the significant risks involved, you wish to invest, you can do so online – there is no minimum investment for existing shareholders. The deadline for clear funds is 18 July.

Fees and structure

Investors will pay no direct initial or ongoing charges to invest. Fundraising costs are being met by the Company. Wealth Club will be entitled to a performance fee on exit. 

Wealth Club investors will invest using a nominee structure. This service is provided by Wealth Club’s subsidiary companies Wealth Club Asset Management Limited (authorised and regulated by the FCA) and Wealth Club Nominees Limited. Wealth Club Nominees Ltd will be completing the share subscription documentation on investors’ behalf.

Please refer to the Schedule of Charges for more details on charges (they may vary for different rounds and offers).

All the services Wealth Club and, where applicable, its subsidiaries provide are governed by the Terms and Conditions of the Wealth Club Services.

The investment is expected to be EIS qualifying – not guaranteed.

Risks – important

This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice.

This kind of investment is high risk so should only form part of a balanced portfolio and you should not invest money you cannot afford to lose. They also tend to be illiquid and hard to sell and value.

Before you invest, please carefully read the available information available to download from this page, which contain further details on the offer alongside the Wealth Club Risks and Commitments.

This is a single company offer with no diversification. It involves investing in an early-stage, loss-making business, which is by nature high risk and could fail. You could lose the amount you invest.

Wealth Club does not take a seat on the board so cannot influence the business the same way as is usually the case with institutional investors taking a full board position.

An exit could take longer than management expects.

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.