Tom DeLonge is setting the record straight on a report published by Ars Technica on Monday (Oct. 15). The article claimed that the Blink-182 frontman's UFO research organization, To The Stars Academy of Arts and Science, has accumulated a $37,432,000 deficit according to a mid-year SEC filing.
DeLonge took to Instagram to quickly shut down what he called a "blatant lie." "APPARENTLY, THIS WRITER CAN’T READ," he wrote. "BTW- TTSA never even raised $37m!!? So how in the hell did we spend it?! Lord. I ask all of you that believe in the @tothestarsacademy mission to go write a complaint on their website RIGHT NOW for trying to hurt an admirable effort to help humanity by using negative attacks and—-> lies."
He continued with a statement directly to Ars Technica, noting that the article's author didn't reach out to him or the company for comment. "Mr. Berger apparently did not EVEN READ the filing in its entirety, and clearly did not understand the excerpt of the SEC filing he quotes," he wrote in part. "The approximate $37 million stockholders’ deficit is NOT DEBT as he characterized it but is attributable to stock-based compensation expense. IT IS NOT RELATED TO THE OPERATIONAL RESULTS OF THE COMPANY."
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