When can I sell my securities?

Investments made through Netcapital do not trade in the public markets and are thus illiquid with reselling restrictions.

Investing in private companies is very risky and any of your private company investments made via Netcapital will be subject to reselling restrictions. Selling shares of any private company is currently a limited and difficult process, and Netcapital is currently working on making reselling a possibility for all of our investors. Generally, you should not invest any funds in an offering unless you can afford to lose your entire investment. Investors must indicate an understanding of these terms when they invest through Netcapital. You can view our Terms of Service and Master Investor Agreement on our site. 

Additionally, non-accredited investors must follow a one-year holding guideline after receiving securities. There are very few exceptions to the one-year holding guideline, outlined below:

You may not transfer securities within this one-year period— unless you’re transferring the securities to the offering company; or an accredited investor as defined in Rule 501(a) of Regulation D; or as part of an offering registered with the U.S. Securities and Exchange Commission; or to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.