What are the minimum and maximum subscription amount?

Minimum Subscription means the amount specified in this CSF offer document as the minimum amount sought to be raised by the Offer.

Maximum Subscription means the amount specified in this CSF offer document as the maximum amount sought to be raised by the Offer.

When Galaxy Crowdfunding has closed a CSF offer (i.e. at the expiry of three months or the specified offer period, or because the offer is fully subscribed), we must determine, after the expiry of all investor withdrawal rights, whether the offer:

(a) is complete—that is, the minimum subscription amount for the offer has been raised (after taking into account any withdrawn or rejected applications) and the offer was closed because either the offer period has ended or the maximum subscription amount was raised; or

(b) is unsuccessful—that is, the minimum subscription amount was not raised.

Galaxy Crowdfunding must also close the CSF offer as soon as practicable after the offer is fully subscribed to the maximum subscription amount.

 

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