SONGA STUDIOS, the creators of The WORLD of SONGA, lead a broad-based partnership to revive BB’s Jazz Blues and Soups, and the St Louis Blues Triangle. Using an innovative financial and governance structure, SONGA partners St Louis musicians, filmmakers, artists and writers with entrepreneurs and professionals in real estate, technology, hospitality, and entertainment.
Issuer:
SONGA STUDIOS, a Public Benefit Corporation (“the Company”)
Offering:
SONGA STUDIOS seeks matching funds from up to 30 Patrons and Investors, each investing between $1,000 to $10,000 per month for a period of 25 months. SONGA STUDIOS will match 50% of funds raised from Patrons and Investors, up to $500,000. In addition to ownership in The Company, Patron Investors will receive exclusive access to The World of Songa experiences in St Louis, and discounted admission passes that can be resold or gifted to friends and family.
Rights Received by Patrons:
Patrons will be given certain rights as common stockholders in the Company. Such rights will be defined in the legal documents to be included in the formal Offering Memorandum, but at a minimum will include the ability to participate pari passu in the vote and in future value accretion as co-owners in the Company.
Money Back Guarantee:
6-month money back guarantee secured by the assets of TWWOS, LLC, a real estate holding company that is a subsidiary of the Company, which includes:
Use of Funds:
Governance Around Investment Decisions:
All Investment Decisions below [$50,000], or 2% of total capital invested, will be made by the Company's management team. Investment Decisions above that threshold, including decisions by any Patrons to sell their ownership interests, will be made by at least a 60% vote of the Investment Committee, which will consist of 9 members in total, with 7 coming from the Patrons and 2 from the Artists.u