Once your investment is complete, your funds will be held in an escrow account through our escrow service: Prime Trust, LLC.
You can cancel your investment 48 hours before the campaign closes. If you want to reduce your investment, you also have 48 hours before the campaign closes to make a change.
You can see the minimum funding amount has been met on the campaign page. Equity Portal will also notify you through email. If the campaign funding goal has been reached, the company may either:
- Decide to close the campaign. In this instance, the company must give investors at least 5 business days notice of their intention to close;
- Notify investors of the intention to conduct a rolling close, which allows the company to draw funds and continue to accept investments; or
- Continue without drawing down funds until the stated deadline.
If any material change occurs during the campaign, the business must notify investors, and those investors must re-confirm their commitments.
If an investor does not re-confirm his or her investment within 5 business days after the notice is sent, Equity Portal will automatically cancel their commitment, and their funds will be returned without interest or deductions.