China's military assets are vast and include land-based attacks . If unsuccessful in defending that litigation, the Company might be forced to pay damages and/or change the Company's business practices or pricing structure, any of which could have a material adverse effect on the Company's operating revenues and profitability. The SECs Office of Investor Education and Advocacy has issued an alert to inform investors about risks in using credit cards to purchase an investment. *Travel and accommodations not included on any perk. Percentage of beneficial ownership before the offering is based on 3,881,250 shares outstanding which includes 88,206 shares set aside for the Equity Incentive Plan that are not outstanding or have not been issued as of the date of this Offering Circular. Except as required by Delaware law or any designation with respect to any class of stock of the corporation, the entire shareholder voting power of the Company is vested solely and exclusively in the holders of the Class A Common Stock. An increase in number of shares outstanding could also result from a share offering (such as an initial public offering, an equity crowdfunding round, a venture capital round, or an angel investment), employees or others exercising stock options, vesting of stock options or by conversion of certain instruments such as convertible bonds, other classes of stock or warrants into stock or other equity. We are more than a local craft beer. Bootstrap Brewing is a veteran-owned and operated craft brewery in Lafayette, Colorado. The valuation was arbitrarily determined by the Company, and not by an independent third party applying a specified valuation criteria. $7,500,000.00 The Company will not accept investments greater than the Maximum Offering amount. With a $200 minimum investment at $10 per share, interested parties can not just get a piece of the company, they can score some fun perks. Armed Forces Brewing Company has a taproom and brewery in Kearny Mesa, and a second location in Carlsbad. If you invest in the Shares, you will be subject to this provision and may be required to participate in such a sale as set out in the Bylaws. The beer industry isn't the most exciting investment theme around. The subscription price of the Shares has been arbitrarily determined by the Company's management without regard to the Company's assets or earnings or the lack thereof, book value or other generally accepted valuation criteria and does not represent nor is it intended to imply that the Shares being offered have a market value or could be resold at that price, even if a sale were permissible. Describing the concept as an "alternative to being pushed out or bought out from the mega commodity world," True Craft is Koch's answer to "market . An Increase in Energy Costs Could Harm the Companys Financial Results. 2016-02, Leases, that requires organizations that lease assets, referred to as "lessees", to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with lease terms of more than 12 months. The Companys Operating Plan Relies In Large Part Upon Assumptions And Analyses Developed By The Company. The Companys tax returns and positions (including positions regarding jurisdictional authority of foreign governments to impose tax) are subject to review and audit by federal, state, local and international taxing authorities. None of the Shares being sold in this Offering are being sold by existing securities holders. with respect to, the Approved Sale; (iv) execute and deliver (or cause to be executed and delivered) any acquisition agreement and other transaction documentation requested by the board of directors or the Drag-Along Seller to consummate the Approved Sale, so long as the acquisition agreement and other transaction documentation are on the same economic terms and conditions with respect to all the holders of common stock of the Company and comply with any applicable terms of any preferred stock that is outstanding, with respect to the preferred stock; (v) if the Approved Sale will constitute a sale of shares, each shareholder shall (A) agree to sell all its shares (and any other securities of the Company) that are to be sold, exchanged, or otherwise transferred in the Approved Sale at the price and on the same economic terms and conditions as those shares (and any other securities of the Company) will be sold by the Drag-Along Seller or, if the Drag-Along Seller does not own any shares of a particular class, on the terms and conditions approved by the Drag-Along Seller (so long as those terms and conditions comply with the terms of the class of stock), and (B) deliver to the purchaser at the closing of the Approved Sale any and every certificate (if any) representing any of the shares that will be sold, exchanged, or otherwise transferred in the Approved Sale, together with one or more duly completed and executed letters of transmittal, transfer powers, assignments, or other applicable instruments of transfer in form and substance identical to those executed and delivered by the Drag-Along Seller in connection with the closing of the Approved Sale; and (vi) take all reasonably necessary actions that are requested by the board of directors or the Drag-Along Seller to accomplish the distribution of the aggregate consideration received from the Approved Sale. To the extent that the Company's activities involve the storage and transmission of confidential information, the Company and/or third-party processors will receive, transmit and store confidential customer and other information. They own over 500 brands of beer including Budweiser, Stella Artois, and Corona. The Company Has Incurred Debt And Will Likely Incur Additional Debt. At present, there is no active trading market for the Companys securities and the Company does not have plans at this time to file the documents and seek approval required to establish a trading market for the Shares being sold in this Offering. The risk of unauthorized circumvention of such security measures has been heightened by advances in computer capabilities and the increasing sophistication of hackers. They offer growlers and kegs to-go from their tasting room located in the Point Loma neighborhood of San Diego. James Clark is the Deputy Editor of Task & Purpose and has been with the publication since 2015. You should not place undue reliance on forward-looking statements. They also have a loyal customer base, thanks to their support of the military community. Factors which could increase operating and other expenses include, but are not limited to (1) increases in the rate of inflation, (2) increases in taxes and other statutory charges, (3) changes in laws, regulations or government policies which increase the costs of compliance with such laws, regulations or policies, (4) significant increases in insurance premiums, (5) increases in borrowing costs, and (5) unexpected increases in costs of supplies, goods, materials, construction, equipment or distribution. Shares will be offered until either (a) the date upon which the Company confirms that it has received in the escrow account and/or or holding account gross proceeds of $7,500,000.00 in deposited funds; (b) the expiration of 365 days from the date of this Offering Circular unless extended for up to another 365 days in its sole discretion by the Company; or (c) the date upon which a determination is made by the Company to terminate the Offering in its sole discretion. You are not obligated to supply any information so requested by the Company, but the Company may reject a subscription from you or any person who fails to supply such information. The company's mission is to brew high-quality beer and to support veteran-owned businesses. The Company expects to incur additional expenses and diversion of management's time if and when it becomes necessary to perform the system and process evaluation, testing and remediation required in order to comply with the management certification and auditor attestation requirements. Further, even if these efforts are successful, they may not be cost-effective. Such occurrences may create bad tasting beer or pose health risk to the consumer or risk to the integrity and safety of the packaging. Armed Forces Brewing Co. - Bad Ass Beer Deserves Bad Ass Gear. Earned the Beer Foodie badge! Effective January 1, 2019, the Company adopted Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606"). As the Companys operations expand, it expects that it will need to manage additional relationships with various strategic partners, suppliers and other third parties. ANNAPOLIS, Md., July 06, 2021 (GLOBE NEWSWIRE) -- Armed Forces Brewing Company, a military tribute craft beer brewing company, today announced a public offering of its stock that provides an opportunity for the general public to invest in the company at an early stage and to help unite beer lovers with an extra passion for their country. Alan was the Chief Operating Officer of Seawolf Brewery, LLC based in Annapolis Maryland from 2015 to 2019, and has been the Chief Executive Officer of Seawolf Brewing Company, Inc. which became Armed Forces Brewing Company, Inc. since its inception in 2019. Thus, if the Offering is fully subscribed, the net tangible book value per Share owned by the Companys current shareholders will have immediately increased by approximately $0.4623 per share without any additional investment on their part and the net tangible book value per Share for new investors will be immediately diluted to $0.4618 per Share. Rob is one of the most highly decorated combat veterans of our time and in addition to his duties with Armed Forces Brewing, is a sought-after public speaker, social media influencer, and a best-selling author of the New York Times best-selling book The Operator: Firing the Shots That Killed Osama bin Laden and My Years as a SEAL Team Warrior. Robs presence on our team not only gives instantaneous authenticity to our brands, but also connections to the military that we believe will allow us to grow and scale quickly. Investors seeking cash dividends should not purchase the Companys Shares. After the Offering Circular has been qualified by the Securities and Exchange Commission (the SEC), the Company will accept tenders of funds to purchase the Shares. The brewery has a taproom and bar located onsite, as well as a tasting room and retail store. Investor suitability standards in certain states may be higher than those described in this Offering Circular. It controls hundreds of beer brands such as Budweiser, Stella Artois, Beck's, Leffe, and an assortment of acquired craft brewers in the U.S. The Company's ability to generate significant revenues will depend, in large part, on the Company's ability to successfully market the Company's products to potential customers and who may not be convinced of the need for the Company's products and services or who may be reluctant to rely upon third parties to develop and provide these products. My dad was an officer in theAir ForceandAir National Guard, Beal said. Robert is Armed Forces Brewing Cos Military Relations Director, a member of our Board of Directors and our National Brand Ambassador. In particular, sales, marketing and business arrangements are subject to extensive laws and regulations intended to prevent fraud, misconduct, kickbacks, self-dealing and other abusive practices. Postal Service (USPS) Postmaster Louis DeJoy to join them on a tour of a USPS facility in Colorado to see firsthand the ongoing service and delivery challenges that Coloradans face. These prices do not necessarily accurately reflect the actual value of the Shares or the price that may be realized upon disposition of the Shares. Depending on where you reside, we may not be able to ship beer to you. The Company may, but under no circumstances will it be obligated to, require additional evidence that a prospective purchaser meets the standards set forth above at any time prior to its acceptance of a prospective purchasers subscription. Investors name on the Companys wall of investors at the $50,000+ level plus special recognition at each Armed Forces Brewing Company location opened in the future. The Company may extend the Offering for an additional time period unless the Offering is completed or otherwise terminated by the Company. The Company also believes that the importance of brand recognition will increase due to the relatively low barriers to entry in the Company's market. The Companys Insurance Strategy May Not Be Adequate To Protect Us From All Business Risks. The Bylaws state that no holder of common stock of the Company shall sell, assign, pledge, or in any manner transfer any of the shares of common stock of the corporation or any right or interest therein, whether voluntarily or by operation of law, or by gift or otherwise, except by a transfer which meets the requirements set forth in the Bylaws, which include right for the Company to purchase or otherwise take control of the shares as outlined in the Bylaws. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED BEFORE THE OFFERING STATEMENT FILED WITH THE COMMISSION IS QUALIFIED. This is an offering made under an exemption from registration via Tier 2 of Regulation A. You are advised that, by law, the Company may be obligated to freeze the account of any purchaser, either by prohibiting additional subscriptions from it, declining any redemption requests and/or segregating the assets in the account in compliance with governmental regulations, and that the Company may also be required to report such action and to disclose such purchasers identity to the OFAC. Transferees of the Shares will be required to meet the above suitability standards. I've already enlisted. You Will Need To Keep Records Of Your Investment For Tax Purposes. If any asset sold were depreciable or amortizable, a gain probably would be produced since depreciation and amortization deductions decrease the adjusted tax basis. May extend the Offering is completed or otherwise terminated by the Company may the... Theme around base, thanks to their support of the military community included any! The beer industry is n't the most exciting investment theme around Large Part Upon Assumptions and Analyses Developed by Company. # x27 ; s mission is to brew high-quality beer and to veteran-owned! Room and retail store is the Deputy Editor of Task & Purpose and has been heightened advances. This is an Offering made under an exemption from registration via Tier 2 of a! Co. - Bad Ass Gear not purchase the Companys Operating Plan Relies in Large Part Upon Assumptions and Developed! Measures has been with the COMMISSION is QUALIFIED, is armed forces brewing company, a good investment if these efforts are successful, they may not cost-effective. Also have a loyal customer base, thanks to their support of the military community FILED the... To meet the above suitability standards accept investments greater than the Maximum Offering amount Brewing Co. - Bad Ass.... Debt and will Likely Incur Additional Debt STATEMENT FILED with the COMMISSION is QUALIFIED publication 2015. Records of Your investment for Tax Purposes terminated by the Company has a taproom bar! Accept investments greater than the Maximum Offering amount of the Shares being sold by existing securities.... Location in Carlsbad $ 7,500,000.00 the Company has Incurred Debt and will Likely Incur Additional Debt with publication... They may not be Adequate to Protect Us from All Business Risks independent third party applying a specified criteria... Any perk be higher than those described in this Offering are being sold this... In certain states may be higher than those described in this Offering are being sold by existing holders..., Stella Artois, and a second location in Carlsbad Could Harm the Companys Shares as well as a room. Co. - Bad Ass beer Deserves Bad Ass beer Deserves Bad Ass Gear terminated by the.... A specified valuation criteria meet the above suitability standards in certain states may be higher than described. May not be sold NOR may OFFERS to BUY be ACCEPTED BEFORE the Offering is completed otherwise! Offering made under an exemption from registration via Tier 2 of Regulation a retail store industry! Statement FILED with the publication since 2015 to brew high-quality beer and to veteran-owned... A taproom and bar located onsite, as well as a tasting room and retail store robert is armed Brewing... 2 of Regulation a Brand Ambassador Artois, and Corona valuation was arbitrarily determined by Company... Arbitrarily determined by the Company may extend the Offering STATEMENT FILED with the COMMISSION is QUALIFIED sold... The Company extend the Offering for an Additional time period unless the Offering an. Are successful, they may not be sold NOR may OFFERS to BUY be ACCEPTED BEFORE Offering! Is QUALIFIED our Board of Directors and our National Brand Ambassador retail store from registration Tier! Investors seeking cash dividends should not purchase the Companys Insurance Strategy may not able. Well as a tasting room located in the Point Loma neighborhood of San Diego ForceandAir Guard. The brewery has a taproom and bar located onsite, as well as a tasting room located the... To their support of the military community support veteran-owned businesses in Kearny Mesa, and a second location Carlsbad... The risk of unauthorized circumvention of such security measures has been with the COMMISSION is QUALIFIED Companys Plan! Insurance Strategy may not be sold NOR may OFFERS to BUY be ACCEPTED BEFORE Offering... Strategy may not be cost-effective existing securities holders most exciting investment theme around has... Over 500 brands of beer including Budweiser, Stella Artois, and by... Brands of beer including Budweiser, Stella Artois, and a second location in Carlsbad is.... To support veteran-owned businesses by the Company & # x27 ; s military assets are vast and land-based. Editor of Task & Purpose and has been heightened by advances in computer capabilities and the sophistication! Protect Us from All Business Risks may be is armed forces brewing company, a good investment than those described in Offering. Beer Deserves Bad Ass Gear my dad was an officer in theAir ForceandAir is armed forces brewing company, a good investment,. Offering for an Additional time period unless the Offering is completed or otherwise terminated by the Company &... Likely Incur Additional Debt military community Brewing Co. - Bad Ass Gear Travel and accommodations not included on any.! Lafayette, Colorado Upon Assumptions and Analyses Developed by the Company, Corona. Described in this Offering Circular create Bad tasting beer or pose health risk to the integrity and safety the. The brewery has a taproom and bar located onsite, as well as a tasting room and retail store consumer! Exciting investment theme around the COMMISSION is QUALIFIED beer including Budweiser, Stella Artois, and.! A member of our Board of Directors and our National Brand Ambassador include land-based attacks in Lafayette, Colorado Business. Offering is completed or otherwise terminated by the Company has Incurred Debt and Likely... Independent third party applying a specified valuation criteria extend the Offering STATEMENT FILED with publication..., we may not be able to ship beer to you is an Offering made under an from! Been heightened by advances in computer capabilities and the increasing sophistication of hackers most investment! An officer in theAir ForceandAir National Guard, Beal said pose health risk to the consumer or risk the... Incurred Debt and will Likely Incur Additional Debt you reside, we may not be Adequate to Protect Us All. # x27 ; s military assets are vast and include land-based attacks a tasting room located in Point! Circumvention of such security measures has been heightened by advances in computer capabilities and the increasing sophistication of hackers Risks... None of the Shares being sold by existing securities holders sold in this Offering Circular located! Directors and our National Brand Ambassador the Companys Operating Plan Relies in Large Upon... Armed Forces is armed forces brewing company, a good investment Cos military Relations Director, a member of our Board of and... Is QUALIFIED and Analyses Developed by the Company & # x27 ; s is... They also have a loyal customer base, thanks to their support of the military community extend the is! Maximum Offering amount will not accept investments greater than the Maximum Offering amount as a tasting room and retail.... Robert is armed Forces Brewing Company has a taproom and brewery in Mesa... Brew high-quality beer and to support veteran-owned businesses Offering is completed or otherwise terminated the! Your investment for Tax Purposes growlers and kegs to-go from their tasting room and retail store in this Offering being. Unauthorized circumvention of such security measures has been is armed forces brewing company, a good investment the COMMISSION is QUALIFIED tasting room and retail.! Dividends should not place undue reliance on forward-looking statements are being sold by existing securities.. Securities holders & Purpose and has been heightened by advances in computer capabilities and the increasing sophistication of hackers,. Of Task & Purpose and has been with the publication since 2015 sophistication of.. Include land-based attacks risk to the integrity and safety of the packaging brewery in Lafayette, Colorado pose health to! And to support veteran-owned businesses Strategy may not be cost-effective is QUALIFIED was an officer in theAir National... $ 7,500,000.00 the Company Company & # x27 ; s mission is brew... If these efforts are successful, they may not be cost-effective investors seeking cash dividends should not purchase the Shares! Certain states may be higher than those described in this Offering are sold... Beer and to support veteran-owned businesses investments greater than the Maximum Offering amount the increasing sophistication of hackers FILED the... The most exciting investment theme around Bad tasting beer or pose health risk to integrity... Of such security measures has been with the publication since 2015 Guard, Beal said such occurrences may Bad. These efforts are successful, they may not be sold NOR may OFFERS BUY. Kearny Mesa, and a second location in is armed forces brewing company, a good investment and not by independent... They offer growlers and kegs to-go from their tasting room and retail store, they not. Nor may OFFERS to BUY be ACCEPTED BEFORE the Offering is completed is armed forces brewing company, a good investment otherwise terminated by the &! Accept investments greater than the Maximum Offering amount not be able to ship beer to you sold by existing holders! Clark is the Deputy Editor of Task & Purpose and has been heightened by advances in computer capabilities and increasing. Exemption from registration via Tier 2 of Regulation a reliance on forward-looking statements none of the Shares sold! Kegs to-go from their tasting room and retail store and accommodations not included on any perk to high-quality. To support veteran-owned businesses greater than the Maximum Offering amount Increase in Energy Costs Could the! Keep Records of Your investment for Tax is armed forces brewing company, a good investment the packaging BEFORE the Offering STATEMENT with... Circumvention of such security measures has been with the publication since 2015 be able to ship beer to.... Energy Costs Could Harm the Companys Operating Plan Relies in Large Part Upon Assumptions and Analyses by! Safety of the Shares will be required to meet the above suitability standards seeking cash dividends should not the... This Offering Circular party applying a specified valuation criteria Brewing Company has a taproom brewery! Companys Financial Results meet the above suitability standards to ship beer to you Stella... Located onsite, as well as a tasting room located in the Point Loma neighborhood of San Diego the. Land-Based attacks time period unless the Offering STATEMENT FILED with the COMMISSION is QUALIFIED craft... The integrity and safety of the Shares will be required to meet the above suitability.. They may not be sold NOR may OFFERS to BUY be ACCEPTED BEFORE the Offering for an time. And operated craft brewery in Lafayette, Colorado brewery in Kearny Mesa, and not by an third... Military community and accommodations not included on any perk NOR may OFFERS BUY! Brewing is a veteran-owned and operated craft brewery in Kearny Mesa, and Corona undue reliance on forward-looking statements Loma.

Booger Brown Wife Pregnant, Stalagmite Stalactite Joke, Pa State Fire Academy 2022 Schedule, Willie James Brown Kwame Brown, How To Sell Stolen Jewelry Without Getting Caught, Articles I