Data / Crowdfunding / Utah / Angel Studios, Inc.
Angel Studios, Inc.: crowdfunding raise on VAS Portal, LLC, $1,000,000 to $5,000,000 (2023)
Angel Studios, Inc., a corporation in Provo, UT, filed a Form C with the SEC on May 25, 2023 to raise $1,000,000 to $5,000,000 in Revenue Participation Rights through VAS Portal, LLC. The offering closed on June 15, 2023. In its most recent fiscal year it reported $75,516,562 in revenue and a net loss of $13,710,708, with 153 employees.
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- Website
- www.angel.com
- Funding portal
- VAS Portal, LLC
- Address
- 295 W CENTER STREET, Provo, UT 84601
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 7, 2014
- SEC CIK
- 0001671941
Offering terms
From the offering filed May 25, 2023.
- Security
- Revenue Participation Rights
- Price
- $1.00
- Target
- $1,000,000
- Maximum
- $5,000,000
- Deadline
- June 15, 2023
- Portal compensation
- Six percent (6%) of the successful amount raised in cash, plus reimbursements for any outof- pocket expenses incurred by the portal with third-party service providers in connection with the offering.
Financials
From the Form C-U filed July 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $75,516,562 | $122,793,064 | sec.gov |
| Cost of goods sold | $40,392,001 | $77,129,092 | sec.gov |
| Net income | $-13,710,708 | $17,118,611 | sec.gov |
| Taxes paid | $-765,185 | $819,179 | sec.gov |
| Total assets | $39,387,358 | $59,308,488 | sec.gov |
| Cash | $10,721,628 | $24,258,513 | sec.gov |
| Accounts receivable | $7,189,526 | $10,440,538 | sec.gov |
| Short-term debt | $2,230,005 | $208,373 | sec.gov |
| Long-term debt | $4,625,854 | $4,855,859 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 27, 2023 | Progress update | $1,000,000 | $5,000,000 | June 15, 2023 | Notice of completion of offering. Amount raised: $4,999,986. | sec.gov |
| May 25, 2023 | Offering | $1,000,000 | $5,000,000 | June 15, 2023 | sec.gov | |
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Progress update | $1,000,000 | $1,070,000 | April 19, 2021 | Notice of completion of offering. Amount raised: $4,999,272.40. The offering ended April 19, 2021. | sec.gov |
| March 19, 2021 | Amendment | $1,000,000 | $1,070,000 | April 19, 2021 | Correcting a typo in the number of outstanding Class A Common shares. | sec.gov |
| March 18, 2021 | Offering | $1,000,000 | $1,070,000 | April 19, 2021 | sec.gov |
Also on SpecStream
Updated July 27, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.