Global entertainment production leader, Worldwide Stages, has kickstarted its Regulation A stock offering to raise $75 million.
The funds will be channeled into developing cutting-edge soundstages and top-tier facilities designed to cater to the escalating demand for music, television, film, and virtual production within the vibrant Nashville, Tennessee, vicinity.
Regulation A (Reg A) is a pivotal exemption from SEC registration, specially crafted for public securities offerings.
Following the recent qualification by the Securities and Exchange Commission (SEC), this offering now opens the door for individuals across the board to invest in the enterprise.
The sprawling 320,000-square-foot facility, nestled south of Nashville, serves as an epicenter for production companies to engage in rehearsals, recording, and filming. They boasted an array of assets, including four versatile soundstages spanning from 3,000 to 21,000 square feet, expansive green rooms, and state-of-the-art production suites. Moreover, the campus proudly houses a discreet 70-seat theater, lavish lobbies and atriums tailored for industry events, on-site culinary and refreshment services, and industry vendors. All this is set against 38 acres of picturesque rolling countryside and over 1,000 convenient parking spaces.
The infusion of capital from the Reg A offering will be dedicated to expanding additional soundstages and complementary amenities. It will also facilitate the acquisition of cutting-edge equipment, a complimentary, further enhancing the company’s suite of services.
Kelly Frey, the visionary CEO of Worldwide Stages, enthusiastically shared, “We extend a warm invitation to our community, urging them to embrace this opportunity and join us in our quest to revolutionize the entertainment production landscape, both in Nashville and beyond. Our campus epitomizes value for our esteemed clients, offering unparalleled convenience, comfort, security, and uncompromising quality.”
With unwavering resolve, Worldwide Stages has opted to move forward under the umbrella of Tier 2 within the Reg A framework. This strategic choice allows the company to extend its securities to a global audience, encompassing accredited and non-accredited investors.
Worldwide Stages, a brainchild of industry veterans spearheaded by CEO Kelly Frey, was established in 2019. Its emergence marked a pivotal moment in the evolution of the entertainment landscape.
