Three Lions Entertainment, LLC announced a private placement of 635,294 membership units at $5.25 per unit for gross proceeds of $3,335,294 on March 18, 2013. New investor Simon Worldwide, Inc. subscribed for 600,000 units and acquired 60% stake in the company. Richard Beckman and Joel Katz subscribed for 35,294 units and acquired 40% stake in the company.

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.