Closing the deal – Odin

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 (approx. 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...
Foreign exchange (FX) If your company requires funds to be wired in an alternative currency to the one the Syndicate Lead has denominated the deal in, you must inform your Syndicate Lead, who will relay the information to Odin. Odin will then c...
US investors Please be aware that if any of the syndicate’s investors of yours are U.S. tax residents, there is a per-investor surcharge that will be calculated at the point of closing your deal. You would only be responsible for payin...
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 ...