Can I complete the offering earlier?
Last Updated: May 04, 2016 23:37

Early completion of offering is possible.

If an issuer reaches the target offering amount prior to the deadline identified in its offering materials, the issuer may close the offering on a date earlier than the deadline identified in its offering materials provided that:


(1) The offering remains open for a minimum of 21 days;
(2) The intermediary provides notice to any potential investors, and gives or sends notice to investors that have made investment commitments in the offering, of:

       (i) The new, anticipated deadline of the offering;

       (ii) The right of investors to cancel investment commitments for any reason until 48 hours prior to the new offering deadline; and

      (iii) Whether the issuer will continue to accept investment commitments during the 48- hour period prior to the new offering deadline.
(3) The new offering deadline is scheduled for and occurs at least five business days after the notice provided; and
(4) At the time of the new offering deadline, the issuer continues to meet or exceed the target offering amount.


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