Slingshot USA

Slingshot USA

Early Stage

Animated feature film

Animated feature film

Overview

Raised this Round: Raised: $50,450,720

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

11/08/2022

Close Date

Not Provided

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

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

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.

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
Financials as of: 11/08/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
David (previously Slingshot USA) 07/30/2024 Dalmore Group $61,735,979 $16,921,620 Equity - Preferred Active RegA+
Slingshot USA 03/30/2023 Dalmore Group $37,500,000 $50,450,720 Equity - Preferred Funded RegA+
David (previously Slingshot USA) 12/20/2021 Angel Funding - $0 Equity - Preferred 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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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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