Crowdfunded brewery company BrewDog has launched its latest mini bond round through the equity crowdfunding platform Crowdcube.
The mini bond comes just a few months after BrewDog USA filed a form 1-A, which indicated its intent to raise capital via Reg A+. As previously reported, the offering circular noted that BrewDog is seeking to secure up to $39 million at a price of $60 per share.
To date, BrewDog has raised more than £69 million through its “Equity for Punks” campaign and the brewery boasts a community of over 105,000 investors, with each becoming brand advocates.
“BrewDog has also has a series of over 90 craft beer bars around the world, with 55 in the UK, including 2 brewpubs in London and Manchester, as well as some as far out as South Korea, Japan, Brazil and Sweden.”
BrewDog reported it now has breweries in their heartland of Scotland, as well as in Columbus, Ohio and Berlin, Germany, with a fourth currently being built in Australia. The brewery is also comprised of Hawkes Cider, BrewDog Distilling Co. and Draft House craft beer pubs, with the company notably driving “independence and craftsmanship” across other alcohol ventures.
“This is BrewDog’s latest bond offering, having successfully funded two in the past. So far, BrewDog [has] raised nearly £74 million from over 125,000 amazing Equity Punk investors around the world. Bonds cost £500 per bond, 1 bond as minimum. 6% gross interest rate paid 50% in cash and 50% in beer.”
“Investors in the 2015 BrewDog Bond have been given the opportunity to rollover their investment from the 2015 bond into this bond. This means the loan balance that they would have been repaid on redemption will instead be invested in this round and will appear on the pitch progress bar – this will be updated from time to time. Any investment rolled over in this way will be subject to the same terms and conditions as any new bond investment in this round.”
Since its launch, the mini-bond has raised £464,000 from 355 investors. It is set to close at the end of December.
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