Q: Will Mystartr transfer my investment monies immediately to the Issuer?
No, Mystartr will not transfer your investment monies immediately to the issuer.
Instead, your investment funds will be held separately in the Trust Account. These funds will only be released to the issuer once the Minimum Target Amount and all Conditions Precedent specified in the campaign have been successfully met. This ensures that investors' funds are safeguarded until the campaign reaches its predetermined milestones, providing added security and transparency throughout the investment process.
Q: Can I update my investment amount?
Certainly! Before the campaign period expires, you can reach out to MyStartr for assistance in updating your investment amount. However, if it's after the campaign period has ended, you'll need to directly contact the issuer to make any necessary arrangements for updating your investment amount. This ensures that investors have the opportunity to adjust their investment commitments within the specified timeframe and facilitates smooth communication between investors and issuers.
Q: Can I change my mind and withdraw the investment?
Yes, you have the option to change your mind and withdraw your investment. If the campaign is successful, a Cooling-off Period will be initiated, during which you can withdraw your investment and request a refund at any time. This Cooling-off Period provides investors with the opportunity to reconsider their investment decision and ensures that they have the flexibility to adjust their investment as needed.
Q: How will Mystartr refund me if I cancel the investment during the cooling-off period or when the campaign I invest fails to raise the Minimum Target Amount ?
If the campaign you invest in fails to achieve the Minimum Target Amount, you investment monies will be refunded to you. Your investment monies will be refunded to your bank account.
Q: Does Mystartr charge any fee on me?
No.