What do the different statuses mean in your admin portal? - Spring Help Center

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

Status	Meaning
Preparing	Every new deal starts in the preparing state. It means that the deal is not yet published and requires additional information before launching.
Scheduled	A deal has been set to launch at a predetermined time.
Fundraising	The deal is live and investable. Investors can now go to the contribution page and invest.
Closed	Fundraising has ended; investors cannot contribute further. Token distributions may now commence.
Distributing	You’ve made your first distribution.
Completed	You’ve made the final distribution.
Refunded	All investors were refunded.
Archived	Used when no other status applies. Notably, investors no longer see the ‘archived’ state and instead view the deal’s previous active status.
OTC Enabled	Over-the-counter trading is activated but the fundraiser remains open.
OTC Active	The deal is tradable and investors can see the deal in the ‘Trading’ section.