What if the Deal terms that I'm raising under change?

Deal terms often change during the raising of a round. This can be minor, such as changing the share price to include an extra decimal point, all the way to raising an equity round instead of raising debt.

Anything can be changed in Odin when it comes to deal terms, either by you as the deal lead or by our team. However minute the change in terms is, you must always:

• Confirm with investors who’ve already transferred into the SPV that they’re still happy to invest on the updated terms, and agree to refund them if they aren’t.
• Update the relevant deal details on Odin, and make the necessary edits to your investment memo so that potential investors are aware of the changes.
• If you’re unable to change the terms yourself, contact our Customer Support team at hello@joinodin.com and let them know what you need to change.
• Try to deal with the change ahead of time and communicate it to all parties proactively. If you were to submit a deal for closing and both Odin and your investors are led to believe it’s an ASA or SeedFAST, but Odin is then sent a Shareholder’s Agreement to sign with wildly different terms, Odin wouldn’t sign until all deal details had been edited and we’d seen proof of your investors’ willingness to move ahead with the updated terms. This could elongate the closing timelines significantly.