Legion M Returns to Crowdfunding for 9th Time, Lists Reg A+ Securities Offering on StartEngine

Legion M, a media company that aims to have one million investors. has returned to crowdfunding for the 9th time, according to a statement from the company. Legion M has listed a Reg A+ securities offering on StartEngine seeking to raise up to $20.7 million

To date, Legion M has raised over $16 million from more than 35,000 investors in its previous securities sales. Legion M has utilized both the Reg A+ and Reg CF -as well as Reg D exemptions in the past.

Its last funding found took place in 2021, under Reg CF, closing in April 2022, raising $3,712,680.

According to the offering page, as of today, Legion M has raised $115,000 from 280 investors which are purchasing equity at a pre-money valuation of $58.7 million. It is interesting to note that Legion M recently completed a stock split of 10 for 1, which is outlined on the offering page. Legion M pursued a stock split, announced in 2021, in a push to broaden share ownership as the price per share declined (but the value of the investment remained the same). Shares of Legion M do not currently trade on any marketplace.

Legion M has a vision of being a “fan-owned” media company producing television, film, and other media projects. The founders see value in establishing an intrinsic fan base that will support its products and watch its films. Funding raised goes towards media production, with the company taking a cut of the fees as well as distribution and merchandising revenue. While still quite small, in 2021, Legion M reported over $1 million in revenue.

Launched in 2016, Legion M has participated in some interesting productions while acknowledging the industry is largely “hit-driven”. But the company hopes to boost its chances by being involved in many productions.

The concept is interesting, but like all investments, there is a good amount of risk. If you are interested, you may read the offering circular here.




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