Change: offered +0% / raised +136% / placed 11%
With these new equity securities sold, Bourbon Brothers Holding‘s $6 million private placement is, as of the filing date, 11% completed. An additional $375,000 worth of securities was placed by the company with eight investors since the company last released data a couple of months ago. This brings to $650,000 the amount raised from the eleven backers who subscribed to the offering. The offering is structured to close in about a year at the latest. The company closed three unregistered private placements which raised an estimated $11 million.
Bourbon Brothers Holding trades under symbol OTC: RIBS
The company is the umbrella management company of several subsidiary business units developing a Southern food restaurant concept under the Bourbon Brothers’ brand. The subsidiaries include Bourbon Brothers Restaurant Group, Bourbon Brothers Franchise, Bourbon Brothers Brand and Southern Hospitality Denver.
The company is headquartered in Colorado Springs CO. Bourbon Brothers Holding kept its revenues undisclosed.
The executive team includes Heather W Atkinson, Mitchell Roth and Shawn Owen.
The board of directors includes David Lavigne, James J Fenlason, Jay W Roth, Richard Steward and Robert B Mudd.
The company has raised an estimated total of $11.65 million via private unregistered security offerings.
Status: Intermediary close
Company: Bourbon Brothers Holding
Amount offered: $6 million
Amount placed: $650,000
First sale: 03-04-2014
Data as of: 06-05-2014