Investors: you pay the company. Not StateCF. Offerings are limited to Florida residents.
Payment process
How Subscription Funds Move
StateCF facilitates the online subscription workflow for Florida intrastate offerings. It does not accept, hold, custody, control, or distribute investor or issuer funds.
Florida investor
Signs the subscription on StateCF and pays the amount shown. No add-on portal fee for investors.
Florida depository
The bank or depository named in the issuer's disclosure under § 517.0612(8). Holds the funds until the disclosed target is met. Not a StateCF account.
The company
On close, the depository transfers funds by ACH to the issuer's designated account. Portal fees, disclosed in the OFR filing, come out of that transfer.
Step by step
- Review the offering. Read the issuer's disclosure statement, financial information, subscription materials and depository terms before deciding.
- Complete a subscription. Eligible Florida investors submit a subscription through the two-screen checkout: bracket and limit, then shares, certifications and electronic signature.
- Send funds to the disclosed depository. Payment instructions name the issuer's Florida depository, not StateCF. You may cancel any time before your payment is received, and for 3 days after it is (§ 517.0612(12)). StateCF emails you the exact deadline when your payment is recorded.
- Closing or return of funds. If the offering closes under its disclosed terms, the depository disburses proceeds to the issuer's designated account and a digital certificate is issued on the cap table. If the target is not met by the deadline, the depository returns funds under the offering terms.
StateCF records and facilitates the subscription workflow but does not hold, custody, control or disburse investor or issuer funds. StateCF is not a bank, escrow agent, custodian, broker-dealer or investment adviser, and does not provide investment, legal, tax or accounting advice.