Lockups
Lockup details: 2022 Reg CF Note offering
Can I trade the Republic Notes upon receiving them?
Since you purchased the Republic Note under a Reg CF or Reg D offering, US securities laws require the Republic Notes to be restricted from transfers within the first 12 months following the last date of the offering.
For example, since you invested in a Reg CF offering that closed on March 29, 2023, the Republic Note purchased under this offering will be locked and you will not be able to start trading these Notes until March 29, 2024. If you have invested in more than one Republic Note offerings in the past year, you may visit the offering in your portfolio and check out the offering closing date to find out the time at which you may start trading your Republic Notes.
While your Republic Notes purchased through this offering are not available for trading, you can still buy and later sell additional Notes on the trading platform once the Republic Note gets listed.
How can I trade my Republic Notes once they are unlocked?
You can trade the Republic Notes on INX, our partner secondary trading platform, after they have been unlocked. To learn about how to trade your Republic Note and start trading, please view our listing and trading FAQ here.
What can I do with my Republic Notes if they are locked?
The Republic Note is a revenue-sharing and community-driven token that allows you to benefit from the upside of certain investments by Republic and other perks provided by Republic. You are entitled to the full range of benefits, including the dividend distributions, by holding the Republic Notes in your Republic Wallet, regardless of their lockup status.
Is any transfer of ownership possible within the “locked” period?
US securities laws allow for certain exceptions to the transfer restriction rules, such as to a member of the family of the Investor or the equivalent, to a trust controlled by the Investor, to a trust created for the benefit of a member of the family of the Investor or the equivalent, or in connection with the death or divorce of the Investor or other similar circumstances. If you may need to make a transfer under any of the aforementioned circumstances, please reach out to our investor support team.
If you have any other questions, please email our team at note-support@republic.co.
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