Welcome, DAVID investors

KoreTransfer is our official shareholder registry. We will issue your Form 1099 on the platform, including other pertinent information, to those who selected electronic delivery.

The dividend registration form is no longer active. You can now complete the following form to ensure that your Form 1099 contains accurate information:
https://www.cognitoforms.com/SlingshotUSALLC/SS-WHT

No. You only need to complete the Dividend Registration form once. The dividend registration form already contained a Form 1099 delivery election, Form W-9 and Form W-8BEN.

No. All investments are tracked by email. If you email that you used when investing have changed, you can make contact with us to communicate that change. In addition, you will need to update your KoreConX account with the correct email address:
https://davidmovie.koreconx.com/login#/

Please don’t use a VPN to access KoreConX, it is blocked.

If you are not receiving the 2-factor authentication code via email when logging in, ensure you are not using a VPN and try another browser. If you still have problems logging in, you can contact Marie-Lou at marie-lou@koretransfer.com

This error indicates that a record already exists in our system for the email address you are trying to register. You have either already completed the Form and don't need to do it again, or you started completing the Form but did not complete it. If you no longer have the email containing the registration form, you can request that we resend it. You can send the request to the-david-team@slingshot-usa-llc.com

We have already paid out all distributions. If you have not been paid by ACH or Wire, you would have received a physical or e-Check, which is processed and delivered by Deluxe. Please check your email and spam folders for an email from Deluxe. If you have not received yours, please contact us at the-david-team@slingshot-productions.com

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.

No, by default, you will receive an e-Check by email. Please look out for an email from Deluxe. Explanation of e-Check Payments:
As part of the current distribution, you will receive your payment via e-Check (electronic check). An e-Check works exactly like a traditional paper check, but it is delivered electronically via email for faster, easier access.

How it works:

• You will receive an email from our payment partner (Deluxe e-Checks) with a secure link.
• Click the link in the email to view and download your e-Check.
• You can print the e-Check 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 e-Check email.
The e-Check is valid for 90 days from the date of issue, unless we VOID it earlier. Please don’t deposit checks more than once; that is fraud, and we monitor it.

If you encounter any issues depositing your e-Check, please contact us. We have already issued almost 4,000 e-checks with very few issues, so it is working great.
Thank you for your continued support and partnership.

January 31, 2026, is the IRS deadline for Slingshot USA, LLC to issue and file Forms 1099. To meet this statutory deadline, the cut-off date for updating information on holdback tax payouts is January 15.

As a result, any investor payments processed after January 15 are made net of applicable holdback taxes, where required under IRS rules.

In addition, tax information submitted on or before January 15 that could not be verified against the IRS TIN-matching database in time will also be processed net of holdback taxes. This is a compliance requirement and not a discretionary decision by Slingshot USA, LLC.

Clarification regarding holdback taxes

Holdback taxes are not a tax assessment, penalty, or deduction by Slingshot USA, LLC. Where applied, the withheld amount is remitted directly to the IRS on the investor’s behalf and is credited to the investor’s personal tax account. Investors may claim or reconcile this amount when filing their annual tax return.

Submitting or updating tax information

Investors may still submit or update their tax information by completing:

Form W-9 (for U.S. persons), or
Form W-8BEN (for non-U.S. persons)

Valid tax information received may be reflected on the investor’s Form 1099, where applicable.

Please submit your tax form using the secure link below:
https://www.cognitoforms.com/SlingshotUSALLC/SS-WHT

Forms 1099 will be issued to investors on or before January 31, in accordance with IRS requirements.

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

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 Forms hosted through CognitoForms are being used solely to collect secure payment, tax, 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:
o CognitoForms is a secure, encrypted platform used by many financial and legal organizations for sensitive data collection.
o All information submitted is stored in a protected, access-controlled database.
o 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.

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

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 distribution, as approved by the Board, equal to your initial investment plus 9.9%. This might be via one email or more. For example, if you invested $100, you would receive a total distribution of $109.90. Please note that amounts paid to investors are subject to change and expense deductions.

While some investors naturally wonder whether the initial business plan to release the DAVID film ourselves and earn 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, theatrical release is the key driver of all subsequent revenues, including 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:

o Secure the global theatrical release date of December 19, 2025;
o Avoid the need for risky, dilutive capital raising;
o Settle litigation with Angel Studios, and
o 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.

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.

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 Entertainment or the Giant Slayer Media LLC; instead, the sale proceeds from the IP are being distributed to investors as part of the company’s closing liquidation process.

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.

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.

The approved distribution amount is the capital invested plus 9.9%. For example, if you invested $100, you would receive a total distribution of $109.90. Please note that amounts paid to investors are subject to change and expense deductions. You can request an investor report that explains the details via email: the-david-team@slingshot-usa-llc.com

We commenced the distribution in November and made all payments by the end of December 31. We are releasing funds we previously withheld as holdback taxes, for which we have obtained the required tax information. We are also assisting investors who did not receive the e-Checks that were distributed.

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 the majority of its 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 and Angel Studios Inc represented the most effective way to:
o Protect the value of the IP,
o Settle all outstanding company obligations, and
o 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 to the transaction 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 the film will reach audiences worldwide while honoring the production's original creative and faith-driven intent. No ownership was taken without consent. All parties agreed in writing.

2521 Entertainment and Angel Studios have committed to honouring the perks that were promised to our investors, including the credits. The following perks were promised to our investors:
o Invest $100 or more, Regular Newsletter Updates
o Invest $250 or more, Full Credit Roll Mention
o Invest $1,000 or more, Quarterly Video Updates
o Invest $2,000 or more, Director's Cut of Trailer
o Invest $5,000 or more, Signed Film Poster
o Invest $10,000 or more, Signed Script
o Invest $20,000 or more, Behind the Scenes Book
o Invest $50,000 or more, Limited Edition Canvas
o Invest $100,000 or more, Associate Producer Credit
o Invest $300,000 or more, Executive Producer Credit
o 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.
We are not sure the timelines for completing the perks, but we will communicate it as we share that information.

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 was 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 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, following a formal process, was the transaction concluded with 2521 Entertainment, which, during negotiations, decided to partner with Angel Studios for theatrical release and also became a shareholder in 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.

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 Slingshot USA, LLC has 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. Slingshot Productions Limited also invested another $19.6 million in preferred units (which was invested in the production of the film before 2021).
Slingshot Productions Limited therefore invested $30.6 million in preferred units, which were treated the same as all other crowdfunders and received the same 9.9% return.
Management did not receive any bonus payments or incentives out of the IP sale.
All voting members and the board of managers, as required by the Companies Operating Agreement, approved the IP sale transaction to Giant Slayer Media LLC.