Sellers in our Standard Deals are assigned an allocation order. This order is set on a first-come, first-serve basis. However, in certain cases, shareholders are assigned an allocation percentage. The allocation percentage determines how much of each subsequent dollar committed by investors to the deal goes to each seller. Let's walk through an example. There [...]
Yes, before completing a transaction, you can choose from which grant or share certificate the shares are sold.
We collect this information to verify your identity and to help the government fight the funding of terrorism and money-laundering activities, as required by US law.
The transaction is viewed as a disposition (sale) of the shares in the year we transact. Outside tax attorneys have vetted our tax treatment and have provided a memo, which is included in the documentation you would receive from us. Let’s use an example. Let’s say you exercise your options at $1 per share and [...]
Yes. The company will be informed only after we have determined that there is sufficient demand in the marketplace (or, if necessary for your company, sooner, with your express permission). We inform the company so as to ensure that transactions are in accord with company share transfer policies. Notification mitigates the risk that the transaction [...]
We will engage a back-up manager to step into the platform's role as fund manager in the unlikely event IPOGO becomes insolvent. The back-up manager would ensure orderly administration of the fund and distribution of its assets.
If we are conducting a share transfer and the company has a Right of First Refusal (ROFR), which is the company's right to purchase the shares from the shareholder on the same terms as our offering, we will work with the company to facilitate the transaction. The company will either decide to waive the ROFR, [...]
We’ll send you a short list of documents and information we need to review for our standard diligence. The purpose of our diligence is meant to answer two questions: Do you own your shares? What needs to happen in order for you to sell your shares to a third party? Typically, these documents include your [...]
Yes, if the company has a ROFR, the ROFR would need to be waived or the company would need to not exercise its right in order to complete a share transfer.