SEC Comment Letter 0000000000-23-012201 to Legion M Entertainment, Inc. (CIK 0001674163)
Legion M Entertainment, Inc. (CIK 0001674163)
Date: Nov. 7, 2023 · CIK: 0001674163 · Accession: 0000000000-23-012201
AI Filing Summary & Sentiment
File numbers found in text: 024-11966
Letter
United States securities and exchange commission logo November 7, 2023 Paul Scanlan Chief Executive Officer Legion M Entertainment, Inc. 1801 Century Park East, 24th Floor Los Angeles, CA 90067 Re:Legion M Entertainment, Inc. Post-Qualification Amendment to Offering Statement on Form 1-A Filed October 11, 2023 File No. 024-11966 Dear Paul Scanlan: We have reviewed your amendment and have the following comment. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe the comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to this letter, we may have additional comments. Post-Qualification Amendment to Offering Statement on Form 1-A Consolidated Financial Statements Unaudited Statements of Cash Flows, page F-6 1.You record investments in productions as an investing activity. Please tell us your basis in GAAP for doing so. Refer to ASC 926-230-45-1. We will consider qualifying your offering statement at your request. If a participant in your offering is required to clear its compensation arrangements with FINRA, please have FINRA advise us that it has no objections to the compensation arrangements prior to qualification. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNamePaul Scanlan Comapany NameLegion M Entertainment, Inc. November 7, 2023 Page 2 FirstName LastName Paul Scanlan Legion M Entertainment, Inc. November 7, 2023 Page 2 Please contact Abe Friedman at 202-551-8298 or Rufus Decker at 202-551-3769 if you have questions regarding comments on the financial statements and related matters. Please contact Alyssa Wall at 202-551-8106 or Donald Field at 202-551-3680 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Jamie Ostrow
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United States securities and exchange commission logo
November 7, 2023
Paul Scanlan
Chief Executive Officer
Legion M Entertainment, Inc.
1801 Century Park East, 24th Floor
Los Angeles, CA 90067
Re:Legion M Entertainment, Inc.
Post-Qualification Amendment to Offering Statement on Form 1-A
Filed October 11, 2023
File No. 024-11966
Dear Paul Scanlan:
We have reviewed your amendment and have the following comment.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe the comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response. After reviewing any amendment to your offering statement and the information you
provide in response to this letter, we may have additional comments.
Post-Qualification Amendment to Offering Statement on Form 1-A
Consolidated Financial Statements
Unaudited Statements of Cash Flows, page F-6
1.You record investments in productions as an investing activity. Please tell us your basis in
GAAP for doing so. Refer to ASC 926-230-45-1.
We will consider qualifying your offering statement at your request. If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNamePaul Scanlan
Comapany NameLegion M Entertainment, Inc.
November 7, 2023 Page 2
FirstName LastName
Paul Scanlan
Legion M Entertainment, Inc.
November 7, 2023
Page 2
Please contact Abe Friedman at 202-551-8298 or Rufus Decker at 202-551-3769 if you
have questions regarding comments on the financial statements and related matters. Please
contact Alyssa Wall at 202-551-8106 or Donald Field at 202-551-3680 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Jamie Ostrow