Cooper & Porter, Inc. is in the market with a $500,000 equity and warrant offering. No placement agent was hired in conjunction with the placement.
The company is the owner of a proprietary technology known as HyperAging, a process which allows for an aging of spirits in one-tenth of the time of conventional aging. This technology was acquired in April 2010 from Beijing based RMD Entertainment Group (RMDM.PK) with the purchase of United Liquor Alliance. RMDM received cash and a 5% ownership in Cooper & Porter (C&P). While the immediate plan for C&P was to IPO at the time, C&P pursued a merger with Sipp Industries, Inc. in October 2010 which never concluded. C&P is developing two spirits with local resources, an aged rum which will be available in 2014 and a vodka.
Cooper & Porter, Inc., headquartered in Orlando FL, was founded in March 2010 by Shane N. Cooper (CEO) and Matthew R. Porter (COO). Mr. Porter was originally working for United Liquor Alliance. The company was re-registered with the Florida Department of State Division of Corporations under the name “Cooper and Porter, Inc.” in October 2011. Its revenues were below $1 million.