Welcome, DAVID investors

Frequently Asked Questions (FAQ)

1. Why do I need to update my KoreTransfer account?

   KoreTransfer is our official shareholder registry. We must verify each investor’s details before making any payment to ensure accuracy and compliance. Your details in KoreConX should be pre-populated when you use the same email address as the one you used when you initially invested. If you don't see any data, that means you are using the wrong email address. Only the following data needs to be captured in KoreConX: First Name, Last Name, Email address, Cell Phone number, and Physical Address. If your investment is in a company or trust, then the name of the company or trust as well.



2. Do I have to complete the dividend form if I’ve already registered with KoreTransfer?

   Yes. KoreTransfer verifies ownership, but we do not use Kore to store banking details. The dividend form collects your payment preferences securely.



3. If I have completed the Dividend registration form before, must I complete it again for the second payment?

   No. You only need to complete the Dividend Registration form once.



4. Can I use a different email for the dividend form?

   No. The email address on the dividend form must match the one on your KoreTransfer account to validate your payment.



5. When trying to register on the dividend form, I get an error: "Email address must be unique". What now?

   When you get this error, it means that there is already a record in our system for the email address you are trying to register. You have either already completed the dividend registration form and you don't need to do it again, or you started a dividend registration form and did not complete it. If you no longer have the email you received to continue your registration, you can request that we resend the form to you. You can send the request to the-david-team@slingshot-usa-llc.com/p>



6. When will dividends be distributed?

   Management has decided to proceed with a two-phase distribution:

   1. The first payment represents the capital you originally invested, and

   2. The second payment will include the approved amount above your capital contribution (your return on investment).

   With the 2nd payment, you will also receive an Investor Pack containing:

   1. A summary showing the approved payment above your capital injection, and

   2. The relevant tax forms (Form 1099-DIV for U.S. investors or Form 1042-S for non-U.S. investors).

   We truly appreciate your continued patience and partnership as we complete this final stage. Our team remains committed to handling the process with the utmost care, accuracy, and transparency.



7. If I select payment by check, will I receive a physical check?

   No, you will receive an e-check by email. Explanation of eCheck Payments:

   As part of the current distribution, you will receive your payment via eCheck (electronic check). An eCheck works exactly like a traditional paper check, but it is delivered electronically by email for faster and easier access.

   How it works:

   You will receive an email from our payment partner (Deluxe eChecks) with a secure link.

   Click the link in the email to view and download your eCheck.

   You can print the eCheck and deposit it at your bank, just like a regular check. Most banks also allow you to deposit it using mobile check deposit in their app.

   No bank account details are required to receive the payment.

   Important Notes:

   Please check your spam or junk folder if you do not see the eCheck email within a few days of notification.

   The eCheck is valid for 90 days from the date of issue.

   If you encounter any issues depositing your eCheck, please make contact with us. We have already issued almost a 1,000 echecks with very few issues, so it is working great.

   Thank you for your continued support and partnership.



8. What happens if I don’t complete the dividend registration process?

   If your details per the dividend form cannot be verified with the official details in KoreConX, we will attempt to make contact with you to update the records. Suppose we are unable to make contact with an investor via email, phone, or text message. In that case, we will temporarily hold the investment funds and eventually transfer them to the Delaware Office of Unclaimed Property, where the investor may later claim them directly.



9. Who can I contact for help?

   Please email our investor support team at:
   the-david-team@slingshot-usa-llc.com



10. Is the Cognito form secure to provide my banking and personal details?

    KoreConX (and its associated platform, KoreTransfer) remains our official record keeper and SEC-registered transfer agent. The investor information you see there continues to serve as the authoritative record of ownership for Slingshot USA, LLC.

    The dividend form hosted through CognitoForms is being used solely to collect secure payment and verification details for the final distribution. We do not use KoreConX to store or process investor banking information, so we securely gather that data ourselves to facilitate the payment. This ensures that payments can be processed as quickly as possible.

    Here’s how the process works to protect you:

    • CognitoForms is a secure, encrypted platform used by many financial and legal organizations for sensitive data collection.
    • All information submitted is stored in a protected, access-controlled database.
    • Once submitted, the data will be cross-verified with the KoreTransfer records to confirm your identity and ensure it matches your investor profile before any funds are released.

    After verification, any sensitive personal documents (such as ID copies) will be permanently deleted for your protection.

    You can access the form to be completed directly from our corporate website: https://www.slingshot-productions.com. You can click on the Investors menu.

    Thank you for your faith, patience, and ongoing support throughout this journey.
    Your investment and prayers have made it possible for DAVID to reach the world — and we are deeply grateful to have shared this mission with you.



11. How can I change my dividend form once it has been submitted?

    Please email our investor support team at the email address below, and we will share a copy of the form with you at the email address listed on the form:
    the-david-team@slingshot-usa-llc.com



12. Will investors earn any future revenue from DAVID?

    The sale of the DAVID feature film and Young DAVID series to Giant Slayer Media LLC (the joint venture between 2521 Entertainment and Angel Studios) means that Slingshot USA, LLC no longer holds the rights to the projects, and your investment will be concluded through a final distribution from the proceeds of that sale.

    This means you will receive a one-time payout from the IP sale rather than ongoing royalties. While some investors naturally wonder whether future royalties might have been higher, the reality is that we simply cannot know what those future revenues would have been — they could have been higher or lower than the sale price, depending on the film’s performance and the global market conditions after release.

    To pursue a royalty-based distribution model, Slingshot would have needed a significant additional capital injection to fund marketing and maintain operations through the film’s theatrical release. That would have required raising new investor funds, adding risk and delaying the film’s release even further.

    The proposals we had on the table for that route did not provide the level of marketing funding necessary to ensure a strong theatrical debut — and in film economics, the theatrical release is the key driver of all subsequent revenues, such as streaming, licensing, and merchandising. If the theatrical launch underperformed, the ancillary revenues (and thus royalties) would have been proportionally limited.

    By selling the IP outright to a financially stable buyer with an established marketing infrastructure, we were able to:

    • Secure the global theatrical release date of December 19, 2025,
    • Avoid the need for risky, dilutive capital raising,
    • Settle litigation with Angel Studios, and
    • Ensure that all investors receive a defined and timely return.

    We truly believe this was the most prudent and responsible decision in today’s challenging film market, balancing both faith and stewardship.



13. What happens to my shares?

    After the final distribution, Slingshot USA, LLC will be formally dissolved, and all shares will be retired and canceled as part of the company’s wind-up process. There will be no further ownership, trading, or future rights associated with the company thereafter.



14. Was just the IP sold, or were investor shares sold as well?

    Only the intellectual property — specifically the DAVID feature film and the Young DAVID series — was sold. Your shares were not sold to Angel or 2521; instead, the sale proceeds from the IP are being distributed to investors as part of the company’s closing process.



15. Do Angel Studios and 2521 now own all future DAVID rights?

    Yes. The sale transferred all rights associated with the DAVID and Young DAVID properties to Giant Slayer Media LLC, including the rights to any future projects, adaptations, or spin-offs that may be created based on the DAVID intellectual property.



16. How much was the IP sold for?

    The total sale price for the DAVID and Young DAVID intellectual property was $77,917,160. This transaction ensures that the film is now under strong financial and distribution stewardship, paving the way for a robust global release.



17. What will the dividend per share be?

    The exact dividend per unit has not yet been finalized. We are completing the last stages of accounting, tax filings, and auditing following the sale. Once this process is concluded, the dividend amount per unit and payment date will be announced to all investors through a formal notice.



18. What is the expected timing for the distribution?

    We expect the distribution process to begin within the next few months, once the final reconciliation and dissolution procedures have been completed. You will receive a detailed notice before the dividend is officially declared and paid out.



19. Was the acquisition of DAVID a hostile takeover?

    No. The acquisition of the DAVID intellectual property was not a hostile takeover. It was a negotiated and voluntary transaction approved by the Slingshot USA Board and majority members.

    The decision to sell the DAVID and Young DAVID intellectual property was made after extensive deliberation, legal consultation, and prayerful consideration. The sale to 2521 Entertainment LLC represented the most effective way to:

    • Protect the value of the IP,
    • Settle all outstanding company obligations, and
    • Ensure the film’s global distribution and long-term success.

    This process was carried out transparently and in accordance with corporate governance requirements. No ownership or control was taken without consent. All parties involved agreed to the transaction terms in writing, and the proceeds will be allocated in accordance with the Company’s Operating Agreement.

    The DAVID project remains a success story of independent filmmaking, and the sale ensures that the film will reach audiences worldwide while honoring the original creative and faith-driven intent of the production.



20. What was the perks when I invested and will they be honoured?

    2521 Entertainment and Angel Studios have committed to honour the perks that were promised to our investors, including the credits. The following perks were promised to our investors:

    • Invest $100 or more, Regular Newsletter Updates
    • Invest $250 or more, Full Credit Roll Mention
    • Invest $1,000 or more, Quarterly Video Updates
    • Invest $2,000 or more, Director's Cut of Trailer
    • Invest $5,000 or more, Signed Film Poster
    • Invest $10,000 or more, Signed Script
    • Invest $20,000 or more, Behind the Scenes Book
    • Invest $50,000 or more, Limited Edition Canvas
    • Invest $100,000 or more, Associate Producer Credit
    • Invest $300,000 or more, Executive Producer Credit
    • Invest $500,000 or more, Invitation to World Premiere

    Investing at a perk tier, you also qualify for all the perks in the previous tiers.



21. Why did 5&2 Studios lose DAVID?

    To clarify, 5&2 Studios did not “lose” DAVID. The rights to the DAVID intellectual property were sold directly by Slingshot USA, LLC to 2521 Entertainment LLC as part of a negotiated IP sale approved by the Slingshot USA Board. Once that sale was completed, 2521 Entertainment became the new rights holder and had the discretion to select its preferred distribution partner.

    It is important to note that 5&2 Studios were fully aware of the potential sale of the DAVID IP and even participated in investor forums where the DAVID project was presented to potential buyers. Their leadership engaged constructively throughout the process and maintained a professional and supportive stance.

    5&2 Studios is an exceptional company with a remarkable following in the Christian entertainment space. They have done tremendous work building an audience that is both faith-driven and passionate about uplifting content. Their involvement added great credibility to the DAVID project, and depending on the outcome of the sale, 5&2 Studios’ continued participation was being considered as a key partnership opportunity for the acquiring party.

    The IP was first offered to 5&2 Studios and their partners, but they declined the acquisition offer. Only thereafter, after a formal structure process, was the transaction concluded with 2521 Entertainment, which, during negotiations, decided to partner with Angel Studios for theatrical release and which also became a shareholder of the DAVID franchise.

    Given the prior legal history and differences between Angel Studios and 5&2 Studios, it is understandable that the two parties would prefer to keep their business dealings separate. This was not a competitive or hostile outcome, but rather a business decision made in the best interest of the DAVID project.

    So to answer directly — No, Angel Studios did not “win” DAVID from 5&2 Studios. This was not a battle between these two great companies. It was a normal business transaction, conducted transparently, prayerfully, and with the long-term success of the DAVID film in mind.

    We hold both 5&2 Studios and Angel Studios in high regard. Each contributes powerfully to faith-based storytelling in their own way, and we pray that their respective audiences and followers will see this transition for what it is — a continuation of God’s plan for DAVID. After much prayer and fasting, we believe this decision will ultimately be to the praise and glory of God.



22. Would it not have been a better option for investors in Slingshot to remain investors in the DAVID film and earn future royalties?

    There is much that transpired in the background that is protected by Confidentiality Agreements and Non-disclosure Agreements, which makes it difficult to provide a full comprehensive answer to this question. The sale of the DAVID feature film and Young DAVID series to Giant Slayer Media LLC (the joint venture between 2521 Entertainment and Angel Studios) means that Slingshot USA, LLC no longer holds the rights to the projects, and your investment will be concluded through a final distribution from the proceeds of that sale. That means you will receive a payout from the IP sale rather than ongoing royalties. While some investors naturally wonder whether future royalties might have been higher, the reality is that we simply cannot know what those future revenues would have been — they could have been higher or lower than the sale price, depending on the film’s performance and the global market conditions after the release.

    To pursue a royalty-based distribution model, like we initially planned, Slingshot would have needed a significant additional capital injection to repay existing loans, fund marketing and maintain operations through the film’s theatrical release. That would have required raising new investor funds, adding risk and delaying the film’s release even further. The proposals we had on the table for that route did not provide the level of marketing funding necessary to ensure a strong theatrical debut — and in film economics, the theatrical release is the key driver of all subsequent revenues, such as streaming, licensing, and merchandising. If the theatrical launch underperformed, the ancillary revenues (and thus royalties) would have been proportionally limited.

    By selling the IP outright to a buyer with an established marketing infrastructure, we were able to:

    - Secure the global theatrical release date of December 19, 2025,

    - Avoid the need for risky, dilutive capital raising, and

    - Ensure that all investors receive a defined and timely return.

    We truly believe this was the most prudent and responsible decision in today’s challenging film market, balancing both faith and stewardship. The total crowd investments that we have received through Regulation A+, Regulation D, and Regulation CF amount to $25 million. Included in that amount is a $11 million investment from Slingshot Productions Limited, which is the majority shareholder of Slingshot USA, LLC, who, as required by the Companies Operating Agreement, were required to approve the IP sale transaction to Giant Slayer Media LLC.