Slingshot USA (2023)

About this raise

Slingshot USA is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company aims to produce a feature-length animated film on the biblical story of David. The film is under production and is under contract with a computer animation studio in Cape Town, South Africa, for the development and creation of David. The film is also led by an experienced team of artists, animators, filmmakers, and music professionals. David Michael Brett Johnson, Osment Philip Cunningham, and Sanet Kritzinger founded Slingshot USA in 2021. The current crowdfunding campaign has a maximum target of $37.5 million. The campaign proceeds will be used for marketing, advertising, production expenses, and miscellaneous expenses.

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Investment Overview

Invested this round: $50,450,720

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
11/09/2022
Close Date
03/31/2023
Min. Goal
$100
Max Goal
$60,982,236
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$37,500,000

Company & Team

Company

Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Wilmington, Delaware
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Phil Cunningham
Title
Executive Producer/Director

Financials

 Revenue
$0
 Monthly Burn
$87,189
 Runway
24+ months

Balance Sheet

Cash and Cash Equivalents

$3,526,532

Accounts and Notes Receivable

$1,500,000

Total Assets

$25,341,255

Accounts Payable & Accrued Liabilities

$1,943,103

Long Term Debt

$0

Total Liabilities

$1,943,103

Total Stockholders' Equity

$23,398,152

Total Liabilities and Equity

$25,341,255

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$-1,046,271

Net Income

$-1,046,271

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Tanner LLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
David (previously Slingshot USA) 12/31/2025 Dalmore Group $61,735,979 $55,615,678 Equity - Preferred Active RegA+
Slingshot USA 03/31/2023 Dalmore Group $37,500,000 $50,450,720 Equity - Preferred Funded RegA+
David (previously Slingshot USA) 12/21/2021 Angel Funding - $4,961,743 Equity - Preferred Funded RegCF
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Growth Charts

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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Slingshot USA on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Preferred
Valuation: $37,500,000
Price per Share: $1.25

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

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