# Reg CF Campaign Extension Policy

> Reg-CF issuers can extend offerings up to 60 days if they meet financial and professional criteria, with exceptions and specific timeline rules.

Source: https://help.startengine.com/en_us/reg-cf-campaign-extension-policy-Hkd_6ORGK

Last updated: 2024-04-25T18:13:32.076Z

Extension Policy

  

As of 11/22/2022, Reg-CF issuers can extend the length of their offering in any increments up to 60 days as long as:

  

*   Information on the issuer’s campaign page is up-to-date and has been certified by the CEO at the time of the requested extension
    
*   The issuer is current with required annual reporting requirements (Form C-ARs) and has up to date financial statements on record\*\*
    
*   The issuer has behaved in a professional manner with respect  to StartEngine staff during their offering
    
*   The issuer has achieved both of the following financial milestones:
    
*   The issuer has raised over $150k 
    
*   The issuer has raised $40k in the last month
    
    *   In addition, beginning 6/1/2023, any inside investments will NOT count towards the 40k needed in L30 days for an issuer to extend their campaign on StartEngine.
        

  

Extension Timeline Rules:

*   The last day an issuer can qualify or request any extension is 20 days prior to the close date.
    
*   The earliest to qualify for a 60-day extension is 30 days prior to the close date.
    
*   Example:
    
*   Situation: Issuer wants to extend 60-days.
    
*   Criteria to qualify: Raise $150k+ and raise 40k+ within last 30 days
    
*   Close date: December 31
    
*   Earliest to qualify for a 60-day extension: December 1
    
*   Last day to qualify for a 60-day extension: December 11
    
*     
    

Exceptions

  

The following are exceptions to the rules above: 

*   StartEngine reserves the right to allow an issuer to extend their campaign under certain circumstances, including if the issuer has not raised enough funds to cover outstanding advances from StartEngine. 
    

\*There is a $1,000 fee to extend an offering end date and will be added to the following disbursement.

  

\*\*Prior year financial statements, updating the Form C and Form C-AR filings are required no later than 120 days after the end of the previous fiscal year. If an issuer is looking to extend for any period beyond that deadline, but has not yet filed a C-AR and provided updated financial statements, the issuer can only extend to any period before the deadline. 

  

\*\*\*As of 11/22/2022, Reg CF Issuers cannot be live on StartEngine for more than a year.

  

\*\*\*\*As of 06/01/2023, Inside Investors will not count towards the $40,000 needed to qualify for a 60 day extension on StartEngine

  

  

Rollout:

This policy is effective 01/01/2023