Startups

When can a issuer do a rolling close?

Many startups (or issuers) raising on Republic may choose to 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 issuers 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 an issuer to conduct a rolling close.

Issuers which conduct rolling closes on Republic must covenant to return the funds if they ultimately withdraw their campaigns.

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