Upon the Successful Campaign, Issuer and their legal representative will go through the necessary documentation phase and if all definitive agreements with respect to the Offer Shares have been executed by and between the Issuer and all Investors and all other conditions precedent have been met, the Issuer shall issue the Offer Shares to the LLP (which is an nominee entity formed to hold the Offer Shares on your behalf), and Mystartr will be the coordinator and monitor the processes.
Upon completion of the allotment and issuance of shares, Mystartr will instruct the trustee to release Investors’ Funds to the Issuer. Upon completion of the release of funds, this will be considered as closing of a campaign.
What rights do I have after I get my Offer Shares?
You (via the LLP) will become a shareholder of the Issuer, which means you own part of the Issuer as long as the Issuer is in existence. Your rights will be subject to the partnership agreement between you and the LLP and also the shareholders’ agreement between the LLP and the Issuer.
Will I be able to sell off my Offer Shares after the closing of a campaign?
You may but take note that there is no guarantee you will be able to sell your Offer Shares when you want to or at all. You may have to find buyer(s) yourself or wait for the correct timing (i.e. when there is trade sale or when the Issuer’s founders decide to buy back Offer Shares from the shareholders).