Close
To finalize an SPV, meaning the organizer uses the funds received from investors to purchase an asset. Upon completing the purchase, the SPV executes a purchase agreement and is listed on the relevant company’s or project’s capitalization table. The closing of an SPV triggers several required actions, including countersigning SPV fund documents, generating capital account […]
Close Date
The date on which a closing event occurs, triggered by the earliest of the following, as defined by the Federal Securities and Exchange Commission: (1) the use of investor funds, either through signing investment documents (entering into a contract to invest in a portfolio company) or wiring funds to a portfolio company or other issuer; […]