> ## Documentation Index
> Fetch the complete documentation index at: https://help.spring.net/llms.txt
> Use this file to discover all available pages before exploring further.

# What do the different statuses mean in your admin portal?

> Each status in your admin portal explained.

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.                                                                   |