Closing a Deal

What is Closing, and when should I close a Deal? ‘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 Deal For a video guide to the closing process as a Founder, please scroll to the bottom of this page.   Confirmation of final investment details (approx. 8 days) The first step in Odin’s closing process is to confirm final deta...

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 there is any foreign exchange (FX) required during the completion of the deal, please note that Odin will charge extra fees. FX can occur in the following scenarios: One of your investors has wired in a different curre...

U.S. Investors Please be aware that if 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. Odin calculates the number of U.S. investors in a deal by revi...

How Odin communicates during Closing The key change in how Odin communicates 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 Deal Operations & Legal teams co...