Direct Listing

What is the process and security for the Due Diligence fee paid upon signing the Letter of Intent?

The due diligence fee is a mandatory payment required upon signing the Letter of Intent (LOI). This fee covers the costs associated with engaging auditors and legal counsel to create the offering circular, which is necessary before proceeding with the deal. Please note that details regarding the security of this fee in the event of a deal cancellation have not been specified.