Offer creation and approval process #
Offer Creation process #
The creation process includes several tabs that must be completed before the offer is ready to be legally approved and published for investment opportunities.
How to Create an Offer #
- Navigate to the Offer dashboard in Djadmin at
/admin/offer/offer/. - Click the “New Offer” button.
- Complete and submit the initial form. For more details, see here. Immediately after submission, the offer is created in the system, and all additional information can be edited or provided.
- Fill out all mandatory (and other necessary) fields tab by tab. (See
full description of each tab and fields).
Note: It’s advisable to save changes periodically by using the
Save and continue editingbutton. - Ensure documents have the private/public flag as needed. Check this on the Documents tab of offer details.
- Upload agreements for the offer.
After these steps, the offer is ready to be approved and then published.
Parameters #
Below is a list of fields required for creating the offer. All values can be edited after the initial form submission in offer edit mode before approval/publication.
Fields of initial form #
The result of the initial form submit is NEW offer status.
| Parameter Name | Parameter Description |
|---|---|
| General Information tab. Name | Offer name, mandatory |
| General Information tab. Slug | Must be unique within the system, automatically generated based on offer name, editable, mandatory |
| General Information tab. Legal Name | Legal name of the offer, mandatory |
| General Information tab. Title | Title displayed on the offer page, mandatory |
| General Information tab. User | Creator, defaults to the name of the current admin user |
| Company Financial Data tab. Min Investment | Minimum investment amount, mandatory |
| Company Financial Data tab. Security Type | Selection options include equity, preferred equity, debt, convertible debt, equity warrants, preference shares, convertible bonds; mandatory |
| Descriptions tab. Description | Brief description displayed on the front end for investors, mandatory |
| Descriptions tab. Highlights | Additional details for the description displayed on the front end for investors, mandatory |
Fields to complete in DRAFT offer status before send to approval #
| Parameter Name | Mandatory Before Approval? | Parameter Description |
|---|---|---|
| Name | Yes | Offer name, visible on the front end |
| Legal Name | Yes | Legal entity representation of the offering, used in documentation |
| Title | Yes | Title, visible on the front end |
| Slug | Yes | Unique identifier within the system, auto-generated and editable |
| Image Link | Yes | Thumbnail image |
| User | Yes | Creator, defaults to the name of the current admin user |
| Created At | Yes | Automatically set upon offer creation |
| Updated At | Yes | Automatically set upon creation and each update |
| Min Investment | Yes | Minimum investment amount |
| Security Type | Yes | Selection options include equity, preferred equity, debt, convertible debt, equity warrants, preference shares, convertible bonds |
| Valuation | Yes | Valuation of the offer |
| Total Shares | Yes | Total number of shares available |
| Price Per Share | Yes | Price per share |
| Close At | Yes | Closing date for the offer |
| Description | Yes | Short description displayed under the Description tab on the front end |
| Highlights | Yes | Additional details displayed under the Highlights tab on the front end |
| Additional Details | No | - |
| Notes | No | Visible to admin users only |
| Website | No | website |
| State | Yes | |
| Country | Yes | Default to US |
| City | Yes | |
| Zipcode | Yes | |
| Address 1 | Yes | |
| Address 2 | No | |
| Data | Yes | TBD |
Offer Documents #
Mandatory documents for offer approval include the Investment Agreement, Articles of Organization, and EIN Application, all of which can be marked as public.
Mandatory Documents for Offer Approval:
| Parameter Name | Parameter Description |
|---|---|
| Investment Agreement | Public document provided by Dropbox Sign. Template ID required for uploading. |
| Articles of Organization | Public document |
| EIN Application | Public document |
SEO information #
Offfer form contains optional fields for SEO title/description and links to social network accounts (Instagram, Facebook, Twitter, etc.).
Approval Process for Offerings: #
- Before publication each offer should pass a Legal Review. For this purpose completed offer should be sent for legal approval.
- How to send an Offer for approval:
- Open the offer edit form.
- Ensure all required parameters listed above are filled out, along with non-required but important information to provide all offering details to investors.
- IMPORTANT: Ensure Agreements are uploaded via the “Load Investment Agreement” button. If the agreement is only uploaded as a PDF, the Signature step will not function correctly for investors.
- Click the “Send to Approval” button.
- Wait for less than a minute for all logs to appear on the Logs tab with no errors. The offer status should now be
Legally Accepted, with the following parameters filled out with information from North Capital and Dwolla:
- North Capital offeringId
- North Capital Document Upload
- North Capital Submit form
- Dwolla Customer ID
- Dwolla status = verified
- Attached funding source
- Dwolla Documents Upload
- To ensure no errors from Dwolla or North Capital, visit the offer list in Djadmin and check the needed offer status. It should be
Legally Accepted. - The offer is ready to be published for investments.