Tagged: brewery

Denver Pearl Brewing Co closed its equity security offering after increasing its fundraising cap

Change: offered +100% / raised +176% / placed 100%

denver pearl brewingDenver 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.

Offering recap
Status: Completed
Company: Denver Pearl Brewing Company
Industry: Manufacturing
Amount offered: $900,000
Amount placed: $900,000
First sale: 12-02-2013
Data as of: 04-24-2014


Banded Horn Brewing Company disclosed full placement of its $300,000 offering

Change: offered +0% / raised +100% / placed 100%

Banded Horn BrewingBanded 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).

Offering recap
Status: Completed
Company: Banded Horn Brewing Company
Industry: Manufacturing
Amount offered: $300,000
Amount placed: $300,000
First sale: 06-06-2013

Late filer Second Chance Beer Co’s offering attracts eighteen backers

second chance beer coSo 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.

Offering recap
Status: First close
Company: Second Chance Beer Co
Industry: Manufacturing
Amount offered: $1 million
Amount placed: $390,000
First sale: 2013-09-20