# What is a rolling close?

> The SEC permits multiple closes. Though the platform could decide not to allow them, StartEngine Capital does permit rolling closes, provided the following c...

Source: https://startengine.kustomer.help/en_us/what-is-a-rolling-close-Bk7EpdCMY

Last updated: 2021-11-15T17:54:14.909Z

  

The SEC permits multiple closes. Though the platform could decide not to allow them, StartEngine Capital does permit rolling closes, provided the following conditions are met:

*   The issuer must disclose on the Form C that there may be an early initial closing, followed by multiple closings. Note that the multiple closings cannot go past the deadline date (Unless an amendment is filed to extend the deadline) and cannot go over $5M. This is a standard part of the "StartEngine Investment Process" filed with every Form C, so that each issuer has the option, should they so choose.  
      
    
*   No amendment is needed for a multiple close if the issuer discloses this in the Form C. If they do not disclose this they would have to file an amendment.  
      
    
*   Issuer/platform must follow the regular requirements for conducting a close when doing multiple closings.  
    
*   A Form C-U is needed within 5 days after the offering deadline that StartEngine will file on an issuer’s behalf. StartEngine will then file a second C-U after all disbursable funds have been successfully disbursed after an offering deadline, which typically occurs around 45 days later once our investor services team completes all investor outreaches. No Form C-U is needed for each rolling close.