Change: offered +0% / raised +100% / placed 100%
Banded Horn Brewing Company initiated the final close of its $300,000 equity offering. A total of twenty-two investors participated to the subscription which garnered $300,000 in almost a year. The offering’s expected net proceeds amount to $250,000, excluding $50,000 earmarked for the payment of officers’ salaries. Unregistered securities don’t appear to have been filed previously with the SEC under regulation D. The company successfully raised $22,000 on Kickstarter in late 2013.
The craft brewery manufactures a variety of beers. Its year round release includes Bineary Double IPA, Pepperell Pilsner an unfiltered German pilsner, Veridian IPA and Norweald Stout a malty American stout. Its limited release includes The Mountain a Russian imperial stout. The company’s beers are too recent to communicate accurate ratings provided by the various beer rating websites.
The company, headquartered in Biddeford ME, was registered in 2013. Banded Horn Brewing Company kept its revenues undisclosed.
The executive team includes Ian Asher McConnell and Ron Graves (Founders).
Company: Banded Horn Brewing Company
Amount offered: $300,000
Amount placed: $300,000
First sale: 06-06-2013