Investors on the Summit by White Mountain Capital platform do not pay any fees. All fees are paid by the issuers. Investors sending wire transfers are responsible for their own outgoing wire transfer fees any other transactional fees assessed by their bank.

Any eligible investor may invest in an offering on the Summit by White Mountain Capital platform, subject to the investment restrictions as set forth in Regulation CF, White Mountain Capital’s AML/KYC requirements, and acceptance of the investment by the issuer.

• High net worth investors.
• “An individual with income exceeding $200,000 in each of the two most recent calendar years or joint income with a spouse or spousal equivalent exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year or
• a trust with assets exceeding $5 million, not formed only to acquire the securities offered, and whose purchases are directed by a person who meets the legal standard of having
• sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment”
• https://www.sec.gov/smallbusiness/exemptofferings/faq?auHash=rh5WfJi9h3wRzP6X2anOmgYLdhPHNuo-3Vw0YNZyR_M#faq2

• For Regulation Crowdfunding offerings, your annual investment limit is based on your net worth and income.
• Investment limits are for every 12-month period.
• Everyone can invest at least $2,200
• If either your net worth or income is below $107k, you may  invest a maximum of 5% of the greater number.
• If both your net worth and income are above $107k, you may invest a maximum of 10% of the greater number.
• Accredited investors are not subject to investment limitations in Reg CF offerings.

Each company has its own unique provisions regarding the investment rights held by investors in each class of security. Investors should carefully review the offering materials of each transaction to determine what voting rights, if any, they may obtain by investing in the company.

There are several potential means of earning a return on investment, depending on the type of investment. For debt based investments, investors may earn a return from interest payments made. For equity based investments, investors may earn a return from the sale of the security at an appreciated price, dividends or other distributions paid to the class of security holder, or receive cash or other consideration for the security in the event of a sale or merger of the issuer.

Yes, prior to the closing of any offering, all funds are held in escrow and any offering that fails to meet its minimum closing (or subsequent closing) will be terminated and all investor funds will be refunded by the escrow agent.

Yes. You can change your mind anytime up to 48 hours before a close, and you will receive a full refund. Investments cannot be cancelled within the 48 hour window.

You will receive a five-day notice via e-mail when a fundraise is about to close. You can cancel at any point up until you hit the 48 hour window. 

Once the minimum funding target is met, some companies elect for multiple closings, where prior investments are executed and funds transferred, but the round is still open to receive new investments. You’ll still receive a five-day notice if this occurs.  Once your funds are transferred to the company, you no longer can cancel your investment or obtain a refund. 

Any refunds will be processed via ACH credit transaction or via check.

Each investment has its own unique tax attributes and investors are advised to review the information contained in the offering materials as well as consult with a qualified tax advisor regarding the tax implications of any given investment. White Mountain Capital does not provide tax advice to investors.