It is actually %75 of the soft cap and means a very important amount.
They just need a little bit more to reach it.
1,2M USD rised, but the softcap is 2M USD
I remember you said 1.6m usd is the soft cap but i may be mistaken.
Also, how will it be? Exchanges are before ico. And if price drop below the ico price, no-one would want to buy from ico?