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What is the procedure should a project not reach its financing goal?
Should the project campaign deadline expire without it having reached its financing goal, the project's promoter, advised by GoParity, may decide to implement one of the following solutions:
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Extend the campaign's term or decrease the amount to be raised.
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Find complementary sources of financing (e.g. equity, financial institutions), which will help the promoter to achieve its initial financing objective while keeping the agreement with GoParity investors unchanged.
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Cancel the campaign and refund the amount raised to investors.
In the first two scenarios, investors will be informed of the decision by email and will have the right to cancel their investment if they so wish.
GoParity will work together with the promoter in order to avoid the third option so that the amount raised is invested according to the promoter's and the investors' expectations.
Goparity is an impact investment platform that connects companies looking to finance their sustainable projects, with individuals and entities who want to invest sustainably. We are growing, both in terms of size and impact generated. We were born in Portugal in 2017, but have since then financed projects and grown a large community of investors all around the world.
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Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.