Legion M Set To Close 9th Funding Round, Reports Over 50,000 Investors
Summary
Fan-owned film studio Legion M is nearing the close of its most recent securities offering. The longtime crowdfunding proponent is scheduled to complete its ninth online securities offering in the past eight years. The company has utilized several different platforms in the past.The current offering is listed on StartEngine using the Reg A+ securities exemption, which allows both accredited and non-accredited investors to participate in the sale. The offering is for shares ina Series LLC which then holds the securities.Jeff Annison, co-founder and President of Legion M, said in a release that the current round is a significant milestone and the company has built an award-winning movie studio.Like many early-stage firms, Legion M is sustaining losses. At the same time, Legion M references emotional ROI as many investors want to support the entertainment firm.The round is scheduled to close on October 11th.