Deal Scenarios – Odin

What happens if the Deal falls through? If you decide you no longer want to raise an SPV, you can cancel your deal without any extra charge to you. Odin will, however, charge £25 per refund for investors that have transferred into the SPV. In practice Odin will...
What if my Investor can't wire in the currency ... By default, Odin only supports investor transfers in the same currency your company is raising in. If your deal is denominated in USD, investors would be instructed to wire in USD by the platform. If your investor doesn’t ...
What if I change my mind and want funds to be w... By default, Odin only wires funds to your company in the same currency you’ve denominated the deal in. If your deal is denominated in USD and investors have transferred in USD, we would have to send funds to your company i...
What happens if Odin becomes insolvent? In the unlikely scenario that Odin is declared insolvent, there is a three-part plan. Aside from that, it’s important to note that there is no contagion of the assets an Odin Bare Trust or any other entity Odin administers...
What happens if an Investor has to pull out? If an investor of yours has previously committed to a deal and now wants to withdraw, we can refund them. However, please note that Odin would net out £25 for each refund made. Please refer to the refund process here. Foll...
What if the Deal terms that I'm raising under c... 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 ...
How can I remove an Investor from my Deal, or f... In order to remove an investor from a deal, please get in touch with Odin’s Customer Support team. Odin can then uninvite the investor from the deal. Odin will not delete an investor’s account unless they’ve requested it t...
How can I promote my Deal? As a Founder, you must be extremely careful with how you publicise your deal on Odin. Please refer to our guidance outlined here.
How do I delete my Odin account? If you’ll no longer be using Odin and wish to delete your account, please reach out to Odin’s Customer Success team. A member of the Odin team will then work with our Engineering team to remove your Odin account from the s...
How does Proxy Voting work in practice? As the deal lead, when drafting a deal you’ll have the option to decide whether to proxy voting rights away from your investors and to another party (either the Founder of your company, or the Chairman of the Board). Odin'...
What if I need Odin to sign a Term Sheet? Odin will only add its signature to binding legal documents. Term Sheets are almost always non-binding and as such Odin doesn’t sign them. If you are raising an equity round, Odin will likely need to sign a Shareholder’s A...
Can I facilitate a Crypto Deal via Odin? No. Odin does not facilitate deals for investee companies in the crypto space. Additionally, Odin does not accept funds from investors in cryptocurrency or USDC, and cannot sign for token warrants.