Change: offered +13% / raised 0% / placed 0%
ALeco Container, does business as Evolution Bottles, reported increasing its equity offering by 13%. The company is now looking to issue an additional 100,000 worth of securities on top of the $750,000 disclosed last Tuesday. It appears no investor has committed to buy securities offered by the company as of the filing’s date. The company closed three unregistered private placements which raised an estimated $5.06 million. The company is backed by 9th Street investment the corporate investment arm of Coorstek. The VC firm focuses on the advanced materials sector.
The company designs, manufactures, and fills (upon request) lightweight, eco-friendly, custom aluminum bottles and containers for low volume producers of specialty beverages, and also license additional manufacturing lines for non-competitive customer applications. The company leverages a low speed drawn-and-ironed process as well as proprietary technologies for forming, necking, and decorating aluminum bottles and containers.
The company, headquartered in Arvada CO, is led by William Scott Coors (President and CEO). Revenues were not reported.
The executive team includes Evan Watkins.
Company: ALeco Container
Amount offered: $850,000
Amount placed: $0