Getting started

If an offering has reached its maximum funding goal as dictated by the respective offering’s offering documents, it means that no new investment commitments or investment amount increases can be accepted and all subsequently-made investment commitments are added to the waitlist.

If an investment commitment that was previously "committed" is canceled for any reason, space in the offering opens up and investors from the waitlist are granted an allocation.

The order in which investors are let off of the waitlist is primarily determined by:

1. the time when investment commitment was made
2. the investment amount*
3. The status of required action items associated with the investment commitment.

Generally, the earliest investors to join the waitlist are considered for an allocation first. If there are still outstanding action items associated with your waitlisted commitment, it is less likely that you will be granted an opportunity to invest in the offering. 

* For example, If space opens up for a $1,000 allocation and your waitlisted investment commitment $1,500, you won't get in, but the investor behind you with a $900 waitlisted investment may get in, and the next person with a $100 waitlisted investment or less will get in as well.

Each waitlisted investment commitment is a legally binding commitment and is not cancellable by the investor during the final 48 hours of each Reg CF offering or after an offering has closed. Reg A+, Reg S and Reg D offerings are typically final sale (unless otherwise noted in the offering documents), so if you have a waitlisted commitment for an offering raising under one of those exemptions, you will not be able to cancel it. After the campaign ends, you cannot edit your waitlist investment commitment, even if waiting for an allocation.

Please note that if you have a waitlisted investment commitment and you decide to increase your investment amount, doing so will forfeit your initial spot in line and your investment commitment will be sent to the back of the line.

No money will be withdrawn from your account while you are waitlisted regardless of your payment method.

If and when your waitlisted investment commitment clears off the waitlist, your payment method will be charged automatically, and you will receive an email confirming your allocation in the deal. 

How does the waitlist affect my investment limit?
Even if an investment commitment is waitlisted, it counts towards your Reg CF investment limit. For example, if your investment limit is $2,500 and your only investment of $500 is waitlisted, you’ll only have $2,000 to invest for the next 12-month period, assuming you have no other Reg CF investments during the same period. If you don’t make it off the waitlist, your investment commitment will be cancelled and your remaining investment limit will jump back from $2,000 to $2,500.

What if my payment method fails if I am taken off the waitlist?
Your investment commitment may be forfeited for failure to make timely payment.