> For the complete documentation index, see [llms.txt](https://blueprint.builtbydao.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blueprint.builtbydao.com/execution/phase-4-acquisition.md).

# Phase 4 — Acquisition

`Jan – Mar 2027`

{% hint style="info" %}
**Objective:** Close. Co-leads close first; cohorts follow Feb–Mar. The lead's closing and permitting learnings feed every cohort close.
{% endhint %}

## Workstreams

* **4.1 Capital calls & close funds** — draw equity; align grant disbursement (lean on the bridge if needed); collect member buy-ins; draw debt/CDFI; escrow.
* **4.2 Negotiation & closing** — offers → PSA → close; a per-deal closing checklist.
* **4.3 On-chain registration** — onboard the facility asset; engage token mechanics; wallet asset visibility (EIP-747).
* **4.4 Pre-stand-up** — permits (incl. industrial/zone-specific), final design, mobilize contractors + member-builder crews, lock equipment + reclamation sourcing.

## Inputs → Outputs

| Inputs                                 | Outputs / artifacts                                                    |
| -------------------------------------- | ---------------------------------------------------------------------- |
| Approved targets, offers, capital plan | **Closed facilities** · permits filed · stand-up-ready package per hub |

## Exit gate · KPIs · risks

* **Exit gate:** **deeds recorded** + permits in motion + crews/equipment mobilized.
* **KPIs:** facilities closed vs. target · capital deployed vs. plan · grant vs. bridge draw · days close-to-permit.
* **Risks:** financing/grant timing · appraisal gaps · permit delays · capital-call shortfalls.

{% hint style="success" %}
The lead closes first — so closing and permitting are de-risked into a **Closing Playbook + Pre-Stand-up Runbook** that every cohort inherits.
{% endhint %}

{% content-ref url="/pages/w12IpBsBk9x0GTAYXgPi" %}
[Phase 5 — Stand-up & Build](/execution/phase-5-standup-build.md)
{% endcontent-ref %}


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