The Long-Stop Date: Your Backstop If a Campaign Stalls.

Every campaign on this platform carries a long-stop date — a hard deadline written into the campaign terms. If the campaign hasn't completed by that date, it doesn't limp on indefinitely: it stops, and your money comes back. Here's what that means, and why it exists.

Think of a long-stop date as the campaign's expiry date. It's set before the campaign launches and is visible in the campaign documents. The idea is simple: investors shouldn't have their capital held hostage in a campaign that can't get off the ground.

What happens when the clock runs out

If a campaign hasn't reached its funding target by the long-stop date, the campaign closes without completing. The mechanics from there are straightforward:

• Funds are returned. Money held against your reservation is released back to you. You haven't bought a share of anything, because the asset purchase never proceeded.
• No fees apply to the return. A campaign that doesn't complete doesn't generate ownership, so there's nothing to administer and nothing to charge you for.
• You're free to redeploy. Once the funds are back with you, you can reserve in another live campaign or sit out. Your call.

Why the backstop exists

A long-stop date protects you in two specific ways. First, it puts a ceiling on waiting time. Without one, a campaign could stay "almost funded" for months, keeping your money parked while the market moves on. Second, it forces discipline on the platform side: we only launch campaigns we believe can complete inside their window, because an expired campaign is a visible failure we'd rather avoid.

It also shapes operator behaviour. Knowing there's a fixed window focuses everyone's effort on the campaign — marketing, investor Q&A, document readiness — instead of letting it drift.

What the long-stop date is not

A few clarifications worth making:

• It's not a guarantee of completion. Reaching the funding target still depends on real investor demand. The long-stop date is a limit on stalling, not a promise of success.
• It doesn't affect completed campaigns. Once a campaign completes and the asset is acquired, the long-stop date has done its job. Your ongoing investment then follows the project's own timeline and distribution calendar.
• It doesn't predict timing. A campaign can complete weeks before its long-stop date. The date is the backstop, not the plan.

Before you reserve, check the long-stop date in the campaign documents and make sure the wait — if the campaign takes the full window — fits your own plans. It's a small detail to read, and it's there entirely for your protection.

Capital at risk. Educational content, not financial advice.