Once a Republic offering page goes live, investors can make investments, but the money will be held in an escrow account. The offering must be kept open for a minimum of 21 days. If total capital in the escrow account meets the funding goal by the offering deadline, money will then be sent to the company.
Please also note: Commitments may be cancelled by investors until 48 hours before the offering deadline, in which case the escrow agent must return the money to each cancelling investor.
An offering can be closed early if the targeted offering amount is met as long as the offering has been kept open for the 21-day minimum and each investor and potential investor is given a minimum of 5 days’ notice of the new deadline. Such notice must include a statement that the investor has the right to cancel their investment until 48 hours prior to the new deadline and whether the issuer will continue to accept new investments during that 48-hour window. The company must continue to meet the targeted offering amount at the new earlier deadline. More on changing Offering details
If investor commitments totaling to the funding goal are not received by the offering deadline, the offering will be canceled and all funds will be returned by the escrow 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.