Material Change in Offer #
investment/material_change.pug - required by law/SEC
investment/failed-to-reconfirm.pug - required by law/SEC
flowchart TD A[Identify Material Change] --> B([LAW REQUIRED EMAIL : Material Change Details & Steps]) B --> C(Monitor Investor Responses) C --> D([LAW REQUIRED EMAIL : Material Change Reminder Email if applicable]) D --> C C --> E[Update Offer Status] E --> F([EMAIL : Confirming Status Changes])
If there is a material change in the offering (e.g., changes to terms, risks, or funding goals), the issuer must update the offering disclosure and file an amended document with the SEC . Investors must be notified, and depending on the nature of the change, investors have the right to withdraw their investment.
Admin records the change into the offer entity and determines its impact. The platform sends a legally-required notification email informing investors of the change, their right to reconfirm, and any potential impacts. The system tracks investor responses, sending email-reminders if not re-confirmed within 5 days. Admin adjusted the offer’s investment list based on responses. For those investors who didn’t re-confirm their investments within 24h after reminder email, the plarform cancels their investment and initiates refund process.
Our email-service has integration with the trusted delivery and marketing platform which ensures security, compliance, and deliverability. It obust encryption and regulatory compliance (FINRA), protecting sensitive financial data and minimizing the risk of phishing or email spoofing. Additionally, third-party providers handle scalability, uptime, and automation, ensuring timely communication during high traffic periods and streamlining customer notifications.
Notice: Provider Variability and Compliance Assurance
Please be advised that, depending on customer preferences, the specific providers involved in the investment and related processes, including identity verification, accreditation checks, electronic wallet provision, email communications, and other related services, may vary. However, rest assured that all such providers are carefully selected to meet the highest standards of security, compliance with applicable laws and regulations, and user experience best practices.
Each provider undergoes a rigorous vetting process to ensure they align with our commitment to safeguarding your personal and financial information. We prioritize full adherence to regulatory requirements, ensuring that your investment experience remains secure, compliant, and seamless.
Test Cases
All processes on our platform are thoroughly documented, including detailed test cases, which are especially critical whenever changes are made. Test cases ensure that every feature functions as intended, identify potential issues early, and maintain the platform’s reliability, security, and compliance for our investors.
Related Use-Cases: