UPDATE: Tom DeLonge has denied this report.

ORIGINAL: Ars Technica writes:

A recent filing with the US Securities and Exchange Commission tells the tale in black-and-white numbers.

Put another way, after a year of fundraising, Tom DeLonge’s alien conspiracy business is $37.4 million in debt. The financial filing states that To the Stars intends to remain in business over the next 12 months by selling additional stock. Their website says they accept credit cards, if you’re so inclined to help keep the effort afloat. Bear in mind that any financial returns may be beyond the reach of even The Phenomenon, given the company’s existing debt.

You can read more here.