How Does the Waitlist Work?

If the campaign reaches its maximum goal, no more investments can be accepted and all of the subsequently made investment commitments are added to the waitlist.

If one of the earlier investors decides to cancel or doesn’t fund their investment commitment in time, space opens up and investors from the waitlist are granted an allocation.

The order of the waitlist is determined by:

the time when investment commitment was made
the investment amount*

Generally, first, the earliest investors to join the waitlist are considered for an allocation.

* 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 will 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 campaign.After the campaign ends, you cannot edit your waitlist investment commitment, even if waiting for an allocation.

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

If and when your investment clears off the waitlist, your payment method will be charged, and you will receive an email confirming your allocation in the deal. It means that investment commitments ahead of you were not paid and were cancelled.

How does the waitlist affect my investment limit?
Whether the investment commitment is waitlisted, it counts towards your Reg CF investment limit. For example, if your investment limit is $2,200 and your only investment of $500 is waitlisted, you’ll only have $1,700 to invest for the next 12-month period. If you don’t make it off the waitlist, your investment commitment will be cancelled and your remaining investment will jump back from $1,700 to $2,200.

You will generally know whether you made it off the waitlist within 2-3 weeks after the offering ends. In special situations, the settlement process may take longer.

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.