It can, but the two need coordinating, because new shares may alter the ownership percentages the application relies on. Tell counsel about the round while terms are still being negotiated, not after signing. If the chain changes materially, the analysis has to be redone, and no assurance exists about how quickly any subsequent decision would follow.
Put a nationality checkpoint in the deal calendar
Add one item to the closing checklist: confirm the post-round ownership chain still supports the treaty position claimed. That takes a short review when the cap table is already documented and becomes an emergency when it is not. Canadian citizens generally need an E visa, so the consular appointment is a further fixed point to schedule around rather than a step assumed to happen instantly.
Add one line to the closing checklist for any funding round: confirm that the post-round ownership chain still supports the treaty position claimed. That takes a short review when the capitalisation table is already documented and becomes an emergency when it is not. Tell counsel about a round while terms are still being negotiated rather than after signing, because new shares may alter the ownership percentages an application relies on, and a material change means redoing the analysis with no assurance about how quickly any later decision would follow.
Canadian citizens generally need an E visa, so the consular appointment is a further fixed point to schedule around.