Growceanu will review the following documents and information and performs checks on several aspects, including but not limited to:
registration certificate, certificate of good standing issued by the Trade Register;
articles of association and the Shareholders' Agreement of the project developer, documentation related to the Stock Option Plan, if any;
financial information (financial statements);
corporate governance structure and information on the powers of representation of persons other than directors;
purpose and impact of the funds to be raised;
project developer's credit risk information;
information regarding any litigation and enforcement proceedings involving the project developer;
information regarding any requests for insolvency, dissolution, reorganization, merger, or division;
information regarding other financing obtained by the project developer;
information on beneficial owners (UBOs);
information/documents on the project developer's project.
In addition, UBOs and administrators will be subject to a Know Your Customer (KYC) procedure, anti-money laundering checks (including from the perspective of negative news and financial sanctions), and checks on sanctions lists and whether they are Politically Exposed Persons (PEP) – KYC/AML process.
The KYC/AML process is carried out by the payment service provider LEMONWAY SAS, presented above.
Also, Growceanu will conduct checks on the completeness, accuracy, and clarity of the information in the KIIS, in accordance with the procedure adopted at the Company level, as attached to the authorization application.