No. The petition rests on the facts presented for a specific investment, and a change to the entity, the use of capital, the job model, or the investment category can affect whether those facts still hold. Counsel should assess each element — capital amount, ten qualifying jobs, at-risk status, source of funds — against the revised project.
Get the assessment before the next payment
If a capital call, a further instalment, or an escrow release is pending, ask counsel to review the change before that money moves. Money already deployed into a revised structure is harder to argue about than money still held. Set a short, explicit brief: what changed, which requirements are affected, what evidence would resolve the doubt, and what the investor should do this week.
Then act on the written answer. Ask counsel to review the change before any pending capital call, further instalment, or escrow release moves, because money already deployed into a revised structure is harder to argue about than money still held. Then act on the written answer rather than on the sponsor's reassurance.
A petition rests on the facts presented for a specific investment, so a change to the entity, the use of capital, the job model, or the investment basis can affect whether those facts still hold.