Examples of Offering Amount in a sentence
If the Offering is oversubscribed beyond the Target Offering Amount, the Company will sell Shares on a basis to be determined by the Company’s management.
UsesIf Target Offering Amount SoldIf Maximum Amount SoldIntermediary Fees$490$15,082Marketing$0$50,000Product Development$2,010$150,000Payroll$2,500$80,455Technology Infrastructure$5,000$12,264Total Use of Proceeds$10,000$307,80110.
Commitments that Exceed the Target Offering Amount Will the Company accept commitments that exceed the Target Offering Amount?YesWhat is the maximum you will accept in this Offering?$250,000If Yes, how will the Company deal with the oversubscriptions?We will accept subscriptions on a first-come, first-served basis.
The closing of the Offering (the “ Closing”) will occur on the Offering deadline listed in the Form C or, if the Manager decides otherwise, the earliest to occur of (i) the date subscriptions for the Maximum Offering Amount have been accepted or (ii) a date determined by the Manager in its sole discretion, provided that subscriptions for the Minimum Offering Amount have been accepted provided in either case the Manager provides proper notice pursuant to Reg.
Commitments that Exceed the Target Offering Amount Will the Company accept commitments that exceed the Target Offering Amount?YesWhat is the maximum you will accept in this Offering?$107,000If Yes, how will the Company deal with the oversubscriptions?We will accept subscriptions on a first-come, first-served basis.