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Every deal created in Spring’s admin portal receives a status designation. Understanding these statuses helps you track your fundraising progress from inception through completion.

Status Reference Table

StatusMeaning
PreparingEvery new deal starts in the preparing state. It means that the deal is not yet published and requires additional information before launching.
ScheduledA deal has been set to launch at a predetermined time.
FundraisingThe deal is live and investable. Investors can now go to the contribution page and invest.
ClosedFundraising has ended; investors cannot contribute further. Token distributions may now commence.
DistributingYou’ve made your first distribution.
CompletedYou’ve made the final distribution.
RefundedAll investors were refunded.
ArchivedUsed when no other status applies. Notably, investors no longer see the ‘archived’ state and instead view the deal’s previous active status.
OTC EnabledOver-the-counter trading is activated but the fundraiser remains open.
OTC ActiveThe deal is tradable and investors can see the deal in the ‘Trading’ section.