Yes, but as with any material change to Form C or the offering page, the law requires that Republic notify investors who have committed to the offering and require them to reconfirm their investments. If an investor does not reconfirm her investment decision within 5 business days of a material change notice, the investment will be automatically cancelled and funds will be returned.
If the funding goal has been reached prior to the deadline, an issuer may close the offering early. Notice about the new offering deadline must be provided at least five business days prior to that new deadline. If an investor does not cancel their investment before the 48-hour period prior to the new offering deadline, the funds will be released to the issuer upon closing of the offering by the escrow agent. The investor will then receive securities in exchange for their investment from the issuer’s transfer agent.
Republic does not verify information provided by companies on this Portal and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Portal can be found by searching the EDGAR database.