Legion M Reg A+ Crowdfunding Offer Tops 5000 Reservations

Legion M, the fan-owned media and entertainment company, is in the midst of its 4th securities crowdfunding round having raised approximately $5 million in total. According to a note from the company, Legion M has now topped 5,000 reservations for the securities offer which will begin processing next week, on Friday, November 16th.

Legion M has used Reg CF, Reg A+, as well as the Reg D exemption to raise their growth capital. They have also listed their offerings on investment crowdfunding platforms. For this most recent securities offer, Legion M is self-hosting the campaign.

Interested investors may participate in the offer with a $100 minimum investment.  Legion M says it is targeting $1.25 million in investments during this round that will go directly into new original and partner film, television and VR projects.

The total number of “Legion M fan-owners” currently stands at more than 10,000 individuals.

Paul Scanlan, Legion M’s co-founder and CEO, says they have been thrilled by the support by their community.

“It’s one thing to have success raising money, but to see the commercial impact the Legion has had on projects like Mandy [a Nicolas Cage revenge thriller] is truly gratifying.  We are more bullish than ever about the power of Legion M’s Fan-Owned model.”

Legion M’s stated goal is to unite 1 million fan-investors.

Prominent crowdfunding advocate and securities attorney Sara Hanks says Legion M has become an unbelievable success story in the crowdfunding sector:

“Legion M was a pioneer when the company launched one of the nation’s first Regulation CF rounds in 2016.  Today, with more than 10,000 investors, they are one of the most successful companies in JOBS Act history.”

So what do you get if you back this investment?

According to the Offering Circular, Legion M is currently selling shares of Class A Common Stock to investors under this offering at a price of $8.88 per share. If Legion M raises $2.5 million in this Reg A+ round, the company will have a post-money valuation of $25.2 million.

Legion M revenues for the twelve months ended December 31, 2017 were $415,372, representing an approximately 1700% increase over the revenues from March 4, 2016 (inception) to December 31, 2016, of $23,096. The revenue in 2017 came from projects including the “Celebrating Stan Lee” event and Colossal (the film), as well as Legion M merchandise and event sales. The net loss for Fiscal 2017 stood at $1,922,699. Like most every early-stage company, the business needs growth capital to execute on its mission. As with any investment, do your own due diligence.


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