Round 8 SOLD OUT! So What Comes Next?
THANK YOU to each and every one of the 6,676 investors who made Round 8 the most successful in Legion M history. After selling out our initial cap of $3,000,000 earlier this year, we went back to the SEC and increased the cap to $3,850,000. Then in April it sold out again!
This is good news for ALL Legion M shareholders as it show our momentum is continuing to grow. We just released our 2021 annual report (more on that in a subsequent update), and feel more bullish than ever about where we're headed. We don't know the exact shareholder count yet (we won't until we get disbursement lists from StartEngine), but we expect to have over 35,000 shareholders. And we're just getting started...
Now that round 8 is complete we've got a lot of exciting announcements to make. Here's a quick preview of some of the things to come:
NEW PROJECTS. We've got a bunch of great new projects to announce in the coming weeks, including some of our biggest and best projects yet!
STOCK SPLIT. StartEngine has told us it could take up to 60 days for them to fully close out the round, but as soon as it does we plan to split the stock, exchanging 10 Legion M post-split shares for every 1 pre-split share owned.
WORLDWIDE TOAST. Once the dust settles on Round 8, we'll schedule a "Worldwide Toast" livestream where we can all raise a glass to what we've accomplished, and all that is yet to come.
HOLLYWOOD READERS ROOM. If you've taken the latest M-Pulse, you know what this refers to. If not, please take the latest M-Pulse!
As a fan-owned company, our strength comes from our size. For this reason, we believe that growing the legion is the single most important thing we can do to improve the company's odds of success. With a stated goal of 1 million shareholders, we expect that to include many more rounds of equity crowdfunding, starting with Round 9 which is expected to kick off later this year and has the potential to be the biggest push in Legion M history.
In the meantime, we just wanted to welcome all our new investors and say how honored we are to have you on the team. As you know, the Legion M staff is investing alongside you -- not just with our money (almost everyone at Legion M works for below-market salaries in exchange for options in the company), but also our blood, sweat and tears. We are incredibly humbled by each and every one of you who is willing to entrust us with your investment, and are committed to making the most of it -- for all our sakes. What we're doing has never been done before, but fortune favors the bold.
ONWARD AND UPWARD!