Offer Status Descriptions #
NEW (created) #
The offer has just been created but has not been sent for approval. It may also lack the necessary information required for the approval process by Dwolla and North Capital to become available for investments. An admin user is required to provide company info, images, and documents.
DRAFT #
The offer has extended information after initial creation. The Send to approval button becomes available, which will verify first if the offer has all the necessary information for approval.
Note: This status is the only one that allows the removal of previously uploaded documents on the Documents tab, uploading or re-uploading documents, and marking or unmarking the “Show to public” checkbox for the document.
legal-review #
The Send to approval button has just been clicked. The offer has been sent for approval but has not yet been approved.
legal-accepted #
The offer is ready for publishing. The “Publish offer” button becomes available.
Both Dwolla and North Capital have provided feedback to the platform with data created on their end. Logs are tracked in the logs tab. At this point, the offer is legally 100% ready to be live on the website.
Note: this status supposes dwolla wallet (customer) creation for the offer. Dwolla ID built as admin+<offer.slug>@example.io.
legal-declined #
The offer has undergone the verification process by Dwolla and North Capital but was declined. It can be edited and sent for re-approval by clicking on Send to approval.
Published #
The offer is live and available for investments.
legal-closed #
All successful (completed) investments are in the legally confirmed status and paid. The Successfully close offer button appears.
closed-successfully #
The offering is successfully closed. All investments in the Legally Confirmed status are changed to SUCCESSFULLY CLOSED and begin to yield profits for their investors.
closed-unsuccessfully #
The offer is closed unsuccessfully. For all investments, the status in the cap table is changed to UNSUCCESSFULLY CLOSED. This status can be applied to offers from any status beginning with Published.