Offer creation and approval process #
Offer Creation process #
The creation process includes several tabs that must be completed before the offer is ready to be legally approved and published for investment opportunities.
How to Create an Offer #
- Navigate to the Offer dashboard in Djadmin at
/admin/offer/offer/. - Click the “New Offer” button.
- Complete and submit the initial form. For more details, see here. Immediately after submission, the offer is created in the system, and all additional information can be edited or provided.
- Fill out all mandatory (and other necessary) fields tab by tab. (See
full description of each tab and fields).
Note: It’s advisable to save changes periodically by using the
Save and continue editingbutton. - Ensure documents have the private/public flag as needed. Check this on the Documents tab of offer details.
- Upload agreements for the offer.
After these steps, the offer is ready to be approved and then published.
Parameters #
Below is a list of fields required for creating the offer. All values can be edited after the initial form submission in offer edit mode before approval/publication.
Fields of initial form #
The result of the initial form submit is NEW offer status.
| Parameter Name | Parameter Description |
|---|---|
| General Information tab. Name | Offer name, mandatory |
| General Information tab. Slug | Must be unique within the system, automatically generated based on offer name, editable, mandatory |
| General Information tab. Legal Name | Legal name of the offer, mandatory |
| General Information tab. Title | Title displayed on the offer page, mandatory |
| General Information tab. User | Creator, defaults to the name of the current admin user |
| Company Financial Data tab. Min Investment | Minimum investment amount, mandatory |
| Company Financial Data tab. Security Type | Selection options include equity, preferred equity, debt, convertible debt, equity warrants, preference shares, convertible bonds; mandatory |
| Descriptions tab. Description | Brief description displayed on the front end for investors, mandatory |
| Descriptions tab. Highlights | Additional details for the description displayed on the front end for investors, mandatory |
Fields to complete in DRAFT offer status before send to approval #
| Parameter Name | Mandatory Before Approval? | Parameter Description |
|---|---|---|
| Name | Yes | Offer name, visible on the front end |
| Legal Name | Yes | Legal entity representation of the offering, used in documentation |
| Title | Yes | Title, visible on the front end |
| Slug | Yes | Unique identifier within the system, auto-generated and editable |
| Image Link | Yes | Thumbnail image |
| User | Yes | Creator, defaults to the name of the current admin user |
| Created At | Yes | Automatically set upon offer creation |
| Updated At | Yes | Automatically set upon creation and each update |
| Min Investment | Yes | Minimum investment amount |
| Security Type | Yes | Selection options include equity, preferred equity, debt, convertible debt, equity warrants, preference shares, convertible bonds |
| Valuation | Yes | Valuation of the offer |
| Total Shares | Yes | Total number of shares available |
| Price Per Share | Yes | Price per share |
| Close At | Yes | Closing date for the offer |
| Description | Yes | Short description displayed under the Description tab on the front end |
| Highlights | Yes | Additional details displayed under the Highlights tab on the front end |
| Additional Details | No | - |
| Notes | No | Visible to admin users only |
| Website | No | website |
| State | Yes | |
| Country | Yes | Default to US |
| City | Yes | |
| Zipcode | Yes | |
| Address 1 | Yes | |
| Address 2 | No | |
| Data | Yes | TBD |
Offer Documents #
Mandatory documents for offer approval include the Investment Agreement, Articles of Organization, and EIN Application, all of which can be marked as public.
Mandatory Documents for Offer Approval:
| Parameter Name | Parameter Description |
|---|---|
| Investment Agreement | Public document provided by Dropbox Sign. Template ID required for uploading. |
| Articles of Organization | Public document |
| EIN Application | Public document |
SEO information #
Offfer form contains optional fields for SEO title/description and links to social network accounts (Instagram, Facebook, Twitter, etc.).
Approval Process for Offerings: #
- Before publication each offer should pass a Legal Review. For this purpose completed offer should be sent for legal approval.
- How to send an Offer for approval:
- Open the offer edit form.
- Ensure all required parameters listed above are filled out, along with non-required but important information to provide all offering details to investors.
- IMPORTANT: Ensure Agreements are uploaded via the “Load Investment Agreement” button. If the agreement is only uploaded as a PDF, the Signature step will not function correctly for investors.
- Click the “Send to Approval” button.
- Wait for less than a minute for all logs to appear on the Logs tab with no errors. The offer status should now be LEGAL-ACCEPTED, with the following parameters filled out with information from North Capital and Dwolla:
- North Capital offeringId
- North Capital Document Upload
- North Capital Submit form
- Dwolla Customer ID
- Dwolla status = verified
- Attached funding source
- Dwolla Documents Upload
- To ensure no errors from Dwolla or North Capital, visit the offer list in Djadmin and check the needed offer status. It should be LEGAL-ACCEPTED.
- The offer is ready to be published for investments.