The closing date for investment in Watford’s digital equity scheme in the UK has been extended, meaning there are now more than seven weeks left.

This alteration brings the time remaining on the UK website handling the project, Seedrs, in line with what has always shown on the website of American company Republic, who are Watford’s partners in the venture.

At the end of last week, Seedrs’ website was showing only seven days left to go.

As of 1pm today (Wednesday), the total amount realised by the scheme was £3,844,682.

The figure that has actually been generated and invested in the scheme can be tracked in real time on the Seedrs site (seedrs.com/watford-fc).

The amount in dollars shown on republic.com/watfordfc is higher because it reflects not only the sum actually invested but also adds in commitments/pledges that have not yet come to fruition.

So, although the Republic shows a figure of $6,751,758, that sum includes money that has not yet actually been invested.

It means there is roughly £1.46m which has been pledged to the share issue, but not actually been received – and it may not ever actually materialise as a pledge is not a binding investment.

The £3.84m raised so far has been generated by 2,757 investors, meaning the average amount invested by each investor is around £1,395.

When the scheme was launched at the start of June, Watford offered the chance to purchase up to £17.5m of shares, which represented 10% of the club’s valuation.

After a flurry of activity in the first fortnight, new investment in the weeks since has slowed significantly, meaning 98% of the funds raised arrived in that first two weeks.

Similarly, the number of new investors has also dipped since the digital equity offer was launched early last month – more than 90% of those who have invested did so in the 14 days after the offering was launched.

For UK investors purchasing shares via Seedrs, the price per share has been set at £12.44 and the minimum investment is four shares totalling £49.76.

For accredited investors in the United States and international investors purchasing shares via the Republic platform, the minimum purchase amount is eight shares totalling £99.52.