Legion M

Growth Stage

The World's First FAN-OWNED Entertainment Company

Analytics

Raised to Date: Raised: $1,158,692

Aggregate Commitments $

Platform

StartEngine

Start Date

10/12/2022

Close Date

10/12/2023

Min. Goal

$40

Max. Goal

$20,700,000

Min. Investment

$40

Security Type

Equity - Common

Funding Type

RegA+

Series

Series A

Price Per Share

$1.65

Pre-Money Valuation

$58,700,000

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

307

% of Min. Goal

2,925,990%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$19,977

# of Investors

4,183

Momentum
warm.svg
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Location

Los Angeles, California

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Legion M, with a valuation of $58.7 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is the world’s first fan-owned entertainment company. The investors get to back a variety of projects diversified across different genres, mediums, and risk profiles. Legion M is disrupting the entertainment industry and is one of the most successful companies in crowdfunding history. The company has a history of successful projects and has four upcoming movies. Paul Scanlan and Jeff Annison founded Legion M in 2016. The current crowdfunding campaign has a maximum target of $20.7 million. The campaign proceeds will be used for development, project and operating expenses, and marketing.

Balance Sheet

Cash and Cash Equivalents

$1,227,661

Accounts and Notes Receivable

$30,817

Property, Plant and Equipment (PP&E)

$4,158

Total Assets

$2,629,095

Accounts Payable & Accrued Liabilities

$475,771

Long Term Debt

$48,200

Total Liabilities

$879,156

Total Stockholders' Equity

$1,749,939

Total Liabilities and Equity

$2,629,095

Statement of Comprehensive Income Information

Total Revenues

$1,062,732

Costs & Expenses Applicable to Rev

$726,773

Depreciation and Amortization

$4,484

Net Income

$-2,939,564

Earnings Per Share - Basic

$-0.98

Earnings Per Share - Diluted

$-0.98

Auditor: Artesian CPA, LLC
Financials as of: 10/12/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Legion M 10/12/2023 StartEngine $58,700,000 $1,158,692 Equity - Common Active RegA+
Legion M 04/30/2022 StartEngine $48,512,836 $3,849,523 Equity - Common Funded RegCF
Legion M 04/30/2021 Wefunder $40,500,000 $1,470,683 Equity - Common Funded RegCF
Legion M 07/31/2018 Wefunder $19,590,000 $901,888 Equity - Common Funded RegCF
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Legion M on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $58,700,000
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