Three Lions Entertainment, LLC announced that it has received $5.29 million in funding from Simon Worldwide, Inc. and other investors.
On the same day, the company received $3,335,294 in its first tranche.
In April, 2013, Three Lions Entertainment, LLC closed the transaction. The company issued 1,008,403 units for gross proceeds of $5,294,115.75. The company has issued 373,109 units for gross proceed of $1,958,824 in its second tranche. Simon Worldwide, Inc. subscribed for 352,381 units. Richard Beckman and Joel Katz subscribed for 20,728 units in second tranche.