An investment reservation is an indication of your interest to invest a certain amount in the event that the company subsequently launches an offering of securities. If and when that happens, your reservation will grant you a non-binding allocation for the first 7 days that the offering is live. During this time, you must confirm your investment or else at the end of those 7 days all unconfirmed reservations will be cancelled and their allocations freed up.
The following information is based on our understanding of how some investors will be taxed on commonly used investment instruments. Each company hosted on Republic prepares its own security instrument for fundraising. We do not provide any guidance as to how such instruments may be taxed generally or how a specific investor purchasing these instruments would be taxed, and encourage you to discuss any tax questions with your tax, legal, accounting, and other financial advisers. The great majority of investments in seed-stage and early-stage companies result in complete losses for the investor, so tax losses may be expected on your investment.
Before making an investment decision, it is critical that investors read the entire pitch of an offering as well as the offering documents. Offering documents contain important information and terms that each investor should be aware of before they decide whether or not to invest. Before investing on Republic, make sure you review the risks associated with investing in private offerings.