If the sale reached their soft cap, then they should be good to go. However, what if Security Token Offering failed to achieve its goals? The company will have to decide what to do next. Some projects cancel the sale even before it ends as they see the STO failing. Others let it finish by itself, probably hoping for the best.
Some of the company’s options could be:
Returning the investments and closing down
Filing for bankruptcy
Searching for another company to partner-up with
Reorganizing and trying again
Trying to move the project with what they collected
We can look at the Dutch project Blockport. They have failed to reach the STO soft cap of €1 million and filed for bankruptcy. However, they have also started looking for a company or project to collaborate with to reopen the company.
Keep in mind that regulations which the project complies with can protect you from any losses, and if the company is not talking about the returns of the investment, the legal approach is possible.