The long awaited Equity for Punks USA offering has finally been rolled out. The nine-year old Scottish brewer BrewDog is hoping to raise $50M to support their new US operations. The campaign has already raised over one million dollars in its first three days.
The centerpiece of BrewDog US’s operation is, of course, the 100,000 square foot brewery currently under construction in Canal Winchester. The brewery’s 170 barrel brewing system will initially produce 85,000 barrels annually, but they will be able to expand to more than 600,000 barrels in the coming years. The brewery will include a large taproom, and a BrewDog bar will be opening in Franklinton as well. The Franklinton bar will be BrewDog’s 45th worldwide craft beer bar. The very entertaining BrewDog owners, James Watt and Martin Dickie, have been in town at least twice this past year promoting the venture. If you are not familiar with these two characters, look for the BrewDog TV show on Esquire.
Equity for Punks USA is a crowdfunding venture that allows everyone to get a piece of the action. It differs from other crowdfunding ventures such as Kickstarter, in that you actually receive equity in the company. It is sanctioned by the SEC. The minimum investment is $95 for two shares at $47.50 per share. In addition to getting two shares of the company, you also get discounts on beer, merchandise, brewery tours and other incentives. Note that these shares will not be publicly listed or tradable on an exchange — if you want out, you’ll have to find a purchaser for your shares.
If you really want to support the project, invest more than $50,000 you’ll get a four-day trip to the BrewDog brewery in Ellon Scotland, with a brewery tour and dinner with James and Martin.
Those interested in investing can do so here. Be sure to read the 332-page legal overview before investing.
