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PROJECT PROMOTERS

What is the procedure if a project does 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:


  • Extend the campaign's term or decrease the amount to be raised.

  • 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.

  • 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.

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