A point in time at which the invested capital is forwarded by the Investors to the issuer (usually by wire, ACH transfer or check) as part of their investment in a securities offering, with all related documents signed by the Issuer and the Investors. See “Closing Documentation for Private Placement Investment Opportunities” for more information. Pertains both to debt and equity transactions.
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by bsmith@carofin.com | Feb 22, 2019