The closing date is indicated on the respective Issuer's offering page and on a Reg CF Issuer's Form C.
An offering is closed when the closing date is reached and no additional investments will be accepted.
After the closing date investors are notified of their investment and the issuer receives the proceeds from the offering.
Under Regulation Crowdfunding, an Issuer is eligible to perform a “close” on their offering if the offering has met its minimum funding goal and at least twenty-one (21) days have passed since the offering opened or completed a rolling close.
Under Regulation Crowdfunding, an Issuer is required to give each investor five (5) days’ notice before closing. After the five-day period, all cleared and received investments will be processed and cannot be refunded.