Yes. Although companies are able to extend their raises if they haven’t met their goal, raises have a final closing date. After that date has passed, investments are no longer accepted.
Once the raise closes, investments are finalized. The company follows up on any outstanding investments, and as long as the minimum goal (listed within the offering documents) has been met, the company can disperse the funds from escrow. We recognize that this can be a nerve-wracking process, but it is important to be patient, as this process can take weeks or even months.
If the company has not met its minimum goal, investments are canceled and any funds are returned to investors.
Once the raise closes, investments are finalized. The company follows up on any outstanding investments, and as long as the minimum goal (listed within the offering documents) has been met, the company can disperse the funds from escrow. We recognize that this can be a nerve-wracking process, but it is important to be patient, as this process can take weeks or even months.
If the company has not met its minimum goal, investments are canceled and any funds are returned to investors.
Category:
Angel Investing/Crowdfunding
One response to “Do raises have closing dates? What happens when a raise closes?”
I read the update on Fleeting tell investors about a second co called Fleet Connect in which they would like a Bridge round of 500K to extend there Run Way till Mar-Apr of 2021.
Would you like to explain the HOW TO proceed with this type of Investing?