Introducing DealMaker — Legion M's New Transfer Agent!
We’re excited to announce that Legion M has selected DealMaker as our SEC-registered transfer agent (if you aren’t familiar with what that means, please see the FAQ below). As of Friday February 14, 2025 we’ve completed the migration of all shareholders from KoreConX and all Round 1-9 shares (from investments made via both Wefunder and StartEngine) have been imported to the DealMaker platform.
Please check your inbox for an email from noreply@dealmaker.tech with instructions on how to login to your account. We encourage you to add noreply@dealmaker.tech (and team@legionm.com) to your safe sender list to ensure the emails get through. Also, keep an eye on your spam/promotions folders on the chance they are routed there by mistake.
At this time, if you haven't already, please log into your account so you can see your shares and ensure your information is correct. Note that DealMaker has a big update planned for the platform in a couple months — please stay tuned for more information. In the meantime, if you have any questions, send us mail at team@legionm.com.
FAQ
WHAT IS A “TRANSFER AGENT”?
A transfer agent is a 3rd party company responsible for maintaining the official record of shareholders in a company (i.e. the Cap Table). In the old days it was a guy with a quill making entries in a big book. Today it’s all done electronically.
As an equity-crowdfunded company, Legion M uses an independent SEC-registered transfer agent to hold and maintain our shareholder records. This is intended to give you, the investor, assurance that the cap table and shareholder records are being maintained according to SEC standards.
WHAT IS THE DIFFERENCE BETWEEN THE TRANSFER AGENT AND STARTENGINE OR WEFUNDER?
StartEngine and Wefunder are SEC-regulated equity-crowdfunding funding portals that allow you to invest in companies like Legion M. Once your investment has closed, it is recorded by the transfer agent. The transfer agent is responsible for keeping track of ALL the company's shareholders – including yours and all the other investors along with the founders, employees, and advisors like William Shatner and Dean Devlin.
WHAT DOES THIS MEAN TO ME?
You can log into the portal and see all your share purchases in one place. You’ll also be able to update the contact information associated with your shares - you want to make sure we can reach you if (when!) we IPO, list, or have an exit that allows you to sell your shares. The portal also has handy links to things like the company’s annual reports and latest news.
IS THERE A COST TO THIS?
There is no cost for you. Legion M pays all the fees associated with the transfer agent.
WHO IS LEGION M’S OLD TRANSFER AGENT?
Prior to this change, share records from Rounds 1-8 were managed by KoreConX – these are in the process of being imported into DealMaker. Now that Round 9 has closed, the share records from StartEngine will be imported directly into DealMaker.
WHY ARE WE CHANGING?
With over 50,000 investors, Legion M is one of the largest equity crowdfunded communities on the planet. This creates some unique challenges for transfer agents. With that in mind, we’re constantly reviewing and evaluating our options to determine what we believe is in the best interest of the company and its shareholders. We believe DealMaker is the right solution for the next stage of Legion M’s growth, and we're excited to partner with them to continue to build and innovate in the space!
WHY DON’T I SEE MY SHARES?
DealMaker's primary dashboard page only shows details for shares purchased directly via their platform. So in order to view any previous investments that have been imported from other funding portals (like Wefunder or StartEngine), please navigate to the INVESTMENTS tab, then click on the attached book-entry statement. Note: If when you log in, it starts you on the dashboard page, you'll need to select Legion M from your list of "Companies" first, in order to get to the INVESTMENTS tab.
Also, DealMaker is our transfer agent and holds the official records for any investments which grant shares of stock in Legion M (the company). For any project-specific investments (where the ROI is tied to the net revenue generated by a particular film), those are solely managed via your Wefunder account and will not appear on DealMaker.
WHY DOES IT SAY “UNREGISTERED GUEST” ON MY PROFILE?
When you are logged into your DealMaker account, you can navigate to your profile page (via the menu in the top right corner of your screen) to update your name so that it will show correctly on your account. The "unregistered guest" designation is an artifact from the transition. During that process, Dealmaker technically created everyone's accounts when they uploaded the previous investment information, which means that whenever someone logs in for the first time, they just have to adjust their settings.
NEED ADDITIONAL ASSISTANCE?
For questions about your investment, please email team@legionm.com, otherwise, if you are encountering any technical issues with the DealMaker platform or are having trouble accessing your account, please reach out to info@dealmaker.tech so their team can look into it for you.