Angel Studios

Angel Studios

Growth Stage

Invest to support our mission to distribute films and tv shows that amplify light to audiences around the world

Invest to support our mission to distribute films and tv shows that amplify light to audiences around the world

Overview

Raised this Round: Raised: $20,000,000

Total Commitments ($USD)

Platform

Rialto Markets

Start Date

08/29/2024

Close Date

Not Provided

Min. Goal
$151
Max. Goal
$20,000,000
Min. Investment

$151

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$30.24

Pre-Money Valuation

$783,818,864

Year Founded

2014

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

PROVO, Utah

Angel Studios is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. It is a streaming media service that offers family-friendly entertainment. Angel Studios focuses on content supported by crowdfunding and features titles, including Dry Bar Comedy, The Wingfeather Saga, Tuttle Twins, and The Chosen. The business has a loyal viewer base and was the eighth highest grossing distribution company in the domestic box office in 2023. Neal Harmon, Daniel Harmon, Jeffrey Harmon, Jordan Harmon, and Benton Crane founded Angel Studios in February 2014. The current crowdfunding campaign has a maximum target of $20 million. The campaign proceeds will be used for working capital.

Balance Sheet

Cash and Cash Equivalents

$13,044,760

Investment Securities

$0

Accounts and Notes Receivable

$20,741,529

Property, Plant and Equipment (PP&E)

$1,152,283

Property and Equipment

$1,152,283

Total Assets

$92,941,103

Long Term Debt

$4,304,485

Total Liabilities

$67,098,823

Total Stockholders' Equity

$25,842,280

Total Liabilities and Equity

$92,941,103

Statement of Comprehensive Income Information

Total Revenues

$28,858,206

Costs & Expenses Applicable to Rev

$48,444,026

Depreciation and Amortization

$269,832

Net Income

$-14,844,084

Earnings Per Share - Basic

$-0.59

Earnings Per Share - Diluted

$-0.55

Auditor: Tanner LLC
Financials as of: 08/29/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Angel Studios 09/10/2024 Rialto Markets $783,818,864 $20,000,000 Equity - Common Funded RegA+
Sound of Freedom 06/15/2023 Angel Funding - $4,999,436 Revenue Share Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Angel Studios on Rialto Markets 2024
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $783,818,864
Price per Share: $30.24

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Warning: according to the close date for this deal, Angel Studios may no longer be accepting investments.

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