Closing the deal

What is closing, and how will I know when the d... ‘Closing’ is the process by which Odin locks the deal off from further investment, communicates with your company to sign off on deal legals, and transfers the final investment amount to your company to complete the SPV’s ...

Closing a Primary deal Confirmation of final investment details (maximum 3 days) After we’ve received notification from the Syndicate Lead that all funds are in, and they’re ready to close the deal to coincide with your investment round, Odin wi...

Notarisation and geographical tax nuances Certain countries (many in Europe) require any legal paperwork concerning a purchase of shares to be wet-signed and certified by a notary public. They also typically require foreign investors to send certified and apostill...

Rolling closes If you want to draw down the funds in an SPV, but keep the deal open for further investment, this is what we’d refer to as a ‘Rolling Close’, which carries an extra cost in addition to the regular deal fees. In practice, O...

U.S. Investor Reporting (PFIC/FATCA) All Odin nominee entities are considered Passive Foreign Investment Companies (PFICs) under the Foreign Account Tax Compliance Act (FATCA). FATCA requires Foreign Financial Institutions to report information about financia...

How Odin communicates during closing The key change in how Odin communicates with you and the Syndicate Lead during the closing process, as opposed to any part of the journey before or after, is that Odin’s Customer teams take more of a step back, and Odin’s ...

What is Odin's SPV address? You can find our signature block below, which includes the legal address for our SPVs. Signatory: Leave blank for Odin to complete On behalf of: Odin Investments Limited (on behalf of [enter your syndicate name]) (replac...