Closing and Closing Date (VC Financing)

The Closing is the event at which the purchase and sale of the securities occurs, with the Investors paying for, and the Company issuing, the securities. The Closing Date is the date upon which all of the conditions to closing have been met and when the transaction closes. Multiple or “rolling” closings may be preferable where there is or may be more than one Investor involved (which is often the case).