Change: offered +0% / raised +145% / placed 41%
According to the information disclosed by All About Beer, subscription to its $600,000 equity issuance increased by 145%. An additional $145,000 worth of securities was placed by the company with two investors since the company last released data last January. This brings to $245,000 the amount raised from the four backers who subscribed to the offering. The subscription will close either once the offering is sold in full or next December, whichever one comes first. The company is filing for the first time a registration exemption with the SEC.
The company is the publisher of All About Beer Magazine. As its name indicates, the magazine is dedicated to covering the people, places, news, trends and events that define the beer community. Judging by the number of new micro-breweries raising money via unregistered securities and their popularity among locals, the magazine has an ever increasing pool of material to cover.
The company, headquartered in Cary NC, was registered in 2013. No revenues were reported by the company.
The executive team includes Christopher B Rice.
Status: Intermediary close
Company: All About Beer
Amount offered: $600,000
Amount placed: $245,000
First sale: 12-20-2013
Data as of: 05-12-2014
Change: offered +100% / raised +176% / placed 100%
Denver Pearl Brewing Company closed its unregistered equity offering after increasing the placement’s size by 100% to $900,000. The offer closed after the company raised $574,000 from four additional investors within four months. At closing, a total of twelve investors had subscribed to Denver Pearl Brewing Company’s offering. This was the first offering under regulation D filed by Denver Pearl Brewing Company.
The microbrewery and tasting room has scheduled its grand opening for June 7 2014. The brewery is located at 1875 South Pearl Street in Denver.
The company, headquartered in Denver CO, was registered in 2013. No revenues were reported by the company.
The executive team includes Randy R Rankin.
Company: Denver Pearl Brewing Company
Amount offered: $900,000
Amount placed: $900,000
First sale: 12-02-2013
Data as of: 04-24-2014
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
So far eighteen investors participated to late filer Second Chance Beer Co‘s $1 million non-brokered financing round. Financial backers bought last September 39% or $390,000 worth of equity. The offering will remain open until September 2014 while an additional $610,000 worth of securities is sold to investors. This is the first time Second Chance Beer Co is selling securities under a registration exemption.
Second Chance is a San Diego based microbrewery lead by Brewmaster and President Martin “Marty” Mendiola. Mr. Mendiola has received many awards, among others: bronze medal for his American style amber/red ale (World Beer Cup 2010), silver medal for robust porter (Great American Beer Festival 2010) and bronze medal for his Irish-style red ale (Great American Beer Festival 2010). The microbrewery is just starting out so no revenues were reported by the company. The executive team includes Curtis Donovan Hawes.
Status: First close
Company: Second Chance Beer Co
Amount offered: $1 million
Amount placed: $390,000
First sale: 2013-09-20