This week, crowdfunded brewery, BrewDog, announced it was closing its latest funding round, Equity for Punks IV. The company declared the campaign to be “the biggest ever equity crowdfunding offer” due to the fact that it successfully secured £19 million.
The BrewDog crew shared:
“In October 2009, barely into our second year, we took the unprecedented step to become a plc and give the public the chance to buy shares in BrewDog. Equity for Punks put the people who enjoyed our beers in control rather than faceless moneymen, and immediately it became inherent to our way of working. Since then we have released more shares over three more rounds, and the most recent of which – Equity for Punks IV – closed [on Wednesday].”
They then noted:
“The incredible success of Equity for Punks IV is a testament to our continued drive to make other people as passionate about great craft beer as we are. The record-breaking public response to each of our shareholding offers has been nothing short of incredible, and from the moment the stuffed cats rained down on the Fat Cats in the City of London back in May 2015, that reaction has only continued. But, like the novel you can’t put down or that amazing movie you watch with a handful of popcorn held to your mouth, all things must come to an end – and Equity for Punks is no exception.”
BrewDog went on to note that the share offering was slated to run for twelve months, and the credits duly rolled on Wednesday for online applications. Luckily for those who missed the deadline, applications are available and can still be entered. Paper applications will be accepted until April 29th.
The team then added:
“We would like to thank everyone who invested for believing in our company and our amazing crew. Every penny of the amount raised in Equity for Punks IV will be reinvested back into our company to grow the investment of those who became (or already were) shareholders. With more than 42,000 people now counting themselves as card-carrying Equity Punks, we are committed to working harder than ever to build our company. It’s been an amazing ride – but we are far from done yet…”
Currently, BrewDog is making final preparation for the launch of Equity for Punks USA. The company has filed with the SEC to launch a Reg A+ mini-IPO for their Yankee subsidiary. Mission control for BrewDog US will be based in the heartland of Columbus, Ohio – but operations will not just supply the lower 48. BrewDog sees the extension into the colonies as a chance to expand further into other countries.
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