Startups
When can a startup do a rolling close?
Many startups raising on Republic may choose do a rolling close if their campaign has already raised double its minimum target amount and will have more than 21 days left at the end of the closing.
To do this, the startups must pre-disclose their ability to do the rolling close in their Form C and receive permission from Republic before conducting each close.
Republic may set other terms and conditions to allow a startup to conduct a rolling close.
Startups which conduct rolling closes on Republic must covenant to return the funds if they ultimately withdraw their campaigns.