BrewDog, the largest independent craft brewer in Scotland, is going big in its move to set up operations in the US. Not only is BrewDog planning to open up a Columbus, OH-based brewery to distribute its beers across the US, BrewDog is doing an equity crowdfunding round to raise up to $50 million. BrewDog has listed the offer on BankRoll using the Reg A+ securities exemption. This is an updated rule that was created under the JOBS Act of 2012. Any investor may participate in purchasing shares in this “private” company.
To help kick off the brewery/EquityforPunks campaign, BrewDog is planning a party (kind of). In the UK they are mandated to hold an AGM every year. AGM = Annual General Meeting. The UK event has become a combination of financial reports, beer and bands (you can leave the suit and tie at home). At the most recent UK AGM, over 6000 people attended. It could have been larger but they ran out of space. While not a requirement in the US, the tradition will live on with a Yankee twist – I am sure.
BrewDog co-founder James Watt released the date of the “first ever USA AGM” via a tweet;
First ever USA AGM is going to be on 24th Sept in Columbus! This one will be open for all EFPs! Invest here https://t.co/CIIqJ03keB
— James Watt (@BrewDogJames) August 5, 2016
While the date has been set for September 24th, no additional details are presently available. If the bands are good it may be worth it to pick up a few BrewDog shares just to attend. We know the beer will be great. Stay tuned.
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