Crowdfunding brewing company BrewDog is set to close its latest mini bond on Crowdcube later this week with nearly £3 million in funding secured from more than 1200 Crowdcube investors. The mini bond notably comes just a few months after BrewDog USA filed a form 1-A, which reportedly 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.
“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 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. It is 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.”
“Bonds cost £500, which is the minimum investment, and you’ll receive 6% interest p.a., paid 5% cash and 1% beer! As well as being paid interest every six months, bondholders will bag £20 BrewBucks to use in our network of UK BrewDog bars, a copy of our book Craft Beer for the People, and a free beer on your birthday every year for the duration of the bond! This is your chance to invest in BrewDog’s future. This is your chance to join us in the fight for good beer. This is the BrewDog Bond.”
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. The mini bond is set to close on Sunday (December 22nd).
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