After a VIP Auction is complete, participants who had a winning bid at the close will have the first opportunity to buy their SongShares at the price set during a VIP Sale. These bidders can purchase UP TO the number of shares they had as part of their winning bid. They can purchase less, but not more.
After the VIP Sale window, all remaining shares will be available for the public to purchase at that same price. Eligible participants in the VIP Sale who missed their window, or who want to buy additional shares, can do so during the live public offering. When all SongShares are sold, the offering will close. Once closing funds are sent to the SongVest escrow account, a subscription agreement for the royalty share units will be sent to sign electronically. Purchasers will be paid royalties quarterly through their account from SongVest.