How do I unlock a higher bidding limit?
If you have registered as an Entity (LLC, Inc, etc) instead of an Individual. To follow SEC regulations, and guidelines provided by our Broker-Dealer, we are required to have all of the following documentation for all entities that register to go through the KYC (Know Your Customer) check:
1. Articles of Incorporation or LLC Agreements
2. Tax ID letter
3. ID for officer
4. State incorporation documents
You are able to upload these documents directly through your profile page. Otherwise you can email them to email@example.com
Is there a limit on buying SongShares with a credit card?
Yes, there is a $5,000 limit on credit cards, including the processing fee. You can reduce the number of units and make multiple transactions, or connect a bank account for transactions up to $100,000.
What is a VIP Auction?
For each offering (or auction), SongVest holds a non-binding VIP ("Verify Interest of Participation") Auction with potential investors. It is referred to as a "Test The Waters" auction under Tier 2 of Regulation A of the Securities Act and the ...
What happens at the close of a VIP Auction?
SongVest uses the Five Minute Rule for auctions, whereby if a bid is placed in the final five minutes of an auction the listing will stay open for an additional five minutes. There is no limit to the number of times an auction can be extended. Soso ...