THE COMPANY AS DESCRIBED IN THIS OFFERING CIRCULAR HAS ARBITRARILY DETERMINED THE PRICE OF SECURITIES, AND EACH PROSPECTIVE INVESTOR SHOULD MAKE AN INDEPENDENT EVALUATION OF THE FAIRNESS OF SUCH PRICE UNDER ALL THE CIRCUMSTANCES AS DESCRIBED IN THIS OFFERING CIRCULAR. The use of such third-party facilities also creates higher logistical costs and uncertainty in the ability to deliver product to the Companys customers efficiently and on time. Contact the author here. The filing was accepted and the conversion to a corporation became official on or about September 8, 2020. Despite this, should the Company provide such indemnification, it could have a material adverse effect on the Company. No person has been authorized to give any information or to make any representations concerning our company other than those contained in our offering circular, and if given or made, such other information or representation must not be relied upon. (3)You represent and warrant that none of: (a) you; (b) any person controlling or controlled by you; (c) if you are a privately-held entity, any person having a beneficial interest in you; or (d) any person for whom you are acting as agent or nominee in connection with this investment is a. The Company considers short-term, highly liquid investment with original maturities of three months or less at the time of purchase to be cash equivalents. We wish we didnt have to ask for your private information, but we have some legal responsibilities and requirements. Investing in a brewery can be a risky proposition, but with the right brewery it can be a very profitable one. The Companys regular bank accounts, any escrow account and bank accounts that may be used to hold some investor funds while investors are going through the compliance process before a closing occurs, have federal insurance that is limited to a certain amount of coverage. Complying with obligations under such indebtedness may have a material adverse effect on the Company and on your investment. VIP Treatment and 4 invitations to our annual shareholder event*. Right now, it contracts with a brewing company, which takes the recipes created by Rupprecht to a brewery inFloridato produce the beers. You should not expect to be able to influence any decisions by management of the Company through voting on Company matters. The Offering will remain open for 360 days from the date of this Offering Circular, unless terminated for any reason at the discretion of the Company, or unless extended by the Company. Such funds will be deposited into the Escrow Account, bank account or holding account and released to the Company at each closing. The securities sold in this Offering may have issues related to taxation at many levels, including tax laws and regulations at the state, local and federal levels in the Unites States, and at all levels of government in non-U.S. jurisdictions. The consideration to be received by a shareholder who owns any Class C Common Stock shall be the same form and amount of consideration per share of Class C Common Stock to be received by the Drag-Along Seller for its Class A Common Stock (or, if the Drag-Along Seller is given an option as to the form and amount of consideration to be received, the same option shall be given) and the terms and conditions of the sale shall, except as otherwise provided in the immediately succeeding sentence, be the same as those upon which the Drag-Along Seller sells its Class C Common Stock. The Company is a Delaware corporation for the general purpose of transacting any or all lawful business for which a corporation may be formed in the State of Delaware. As an investor, we hope you understand that following these rules is very important to all of us at Armed Forces Brewing Company to make sure we can grow into the company we all want to be, with you along for the ride, and without any problems from governmental authorities. The military consumer market includes approximately 6.1 million U.S. military personnel, 23 million veterans, 20 million spouses, 45 million siblings, and 55 million children. Chief Brewing Officer and Board of Directors Member. These sales may also make it more difficult for us to sell equity or equity-related securities at a time and price that the Company deems reasonable or appropriate. hire necessary personnel or effectively manage unexpected expansion difficulties, the Company's financial condition and results of operations could be materially and adversely affected. 2019-08. Armed Forces Brewing Company has a taproom and brewery in Kearny Mesa, and a second location in Carlsbad. See the description in section entitled Use of Proceeds on page 50 herein. The beer industry isn't the most exciting investment theme around. Kendall Almerico, securities counsel to the Company, is the holder of an option to exercise for 112,827 Shares of Class C Common Stock of the Company. Some or all of the Companys breweries, planned restaurants and bars, and contract brewers could lose their licenses to sell alcoholic beverages or have their hours of operation curtailed as a result of hearings of the licensing boards in jurisdictions where they are located or as a result of any changes in legislation governing licensed premises in the various jurisdictions in which they are located or may be located, with a material adverse effect on the Companys financial results and on your investment. These companies are its leaders. But for those looking for stable growth over time from this large component of the consumer staples sector of the stock market, some beer stocks are worth considering. While brewing and distributing great beer is the main focus of our initial operations, we plan to expand into other areas once funding is in place. The Company reserves the unqualified discretionary right to reject any subscription for Shares, in whole or in part. Draft. These expenditures may adversely affect the Companys results of operations and may not result in increased sales. Each investor should consult their tax professional prior to investing. However, Constellation coaxes a more than 30% operating profit margin from its alcoholic beverage operation. The Company has based its forward-looking statements on its current expectations about future events. As this filing is being made, there is uncertainty as to if, or when, this will change. The lists of the OFAC-prohibited countries, territories, individuals and entities can be found on the OFAC website at http://www.treas.gov/ofac. Limitations on the transfer of the Shares may also adversely affect the price that you might be able to obtain for the Shares in a private sale. Launched in 2019, Armed Forces Brewing Company was founded by experienced veterans of the food and beverage industry, an award-winning brewmaster, and U.S. Military Veterans including famed SEAL. While the Company will attempt to invest only in effective advertising, marketing and promotional activities, it is difficult to correlate such investments with sales results, and there is no guarantee that the Companys expenditures will be effective in building brand equity or growing short term or long-term sales. The Bylaws state that the Company shall indemnify any person who is or was a party to any action, lawsuit, or proceeding, whether civil, criminal, administrative, or investigative, and whether formal or informal, other than an action by, or in the right of, the Company, by reason of the fact that the person is or was an agent, officer, employee, or director of the Company, or is or was serving at the request of the Company as an agent, officer, employee, or director of another corporation, trust, partnership, joint venture, non-profit entity, or other enterprise (including without limitation with respect to employee benefit plans), against liability incurred in connection with the action, lawsuit, or proceeding, including any appeal from the action, lawsuit, or proceeding, if the person acted in good faith and in a manner that the person reasonably believed to be in, or not opposed to, the best interests of the Company, and, with respect to any criminal action or action, lawsuit, or proceeding, if the person had no reasonable cause to believe that her or his conduct was unlawful. Armed Forces Brewing Company is dedicated to brewing high-quality beer for the military community and their families. This thread is archived . There is also uncertainty as to what will happen to in this regard should another health-related outbreak occur in the future. All monies from rejected subscriptions will be returned by the Company to the investor, without interest or deductions. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Type above and press Enter to search. At present, the Company has not issued any convertible notes, but it is possible that such notes could be issued in the future. The Companys future effective tax rates could be adversely affected by changes in tax laws or their interpretation, both domestically and internationally. The Company has a limited operating history and there can be no assurance that the Company's proposed plan of business can be realized in the manner contemplated and, if it cannot be, Shareholders may lose all or a substantial part of their investment. Depending on where you reside, we may not be able to ship beer to you. The Company may face competition from new companies as well as existing companies entering their business space. So do your own research before making any decisions. He has led, operated, and grown profitable multi-unit independent food & beverage groups in the Denver, Kansas City, and Charlotte markets. Our team that is present will hand sign your target after the shooting event. The Company does not expect to create any additional classes of stock during the next 12 months, but the Company is not limited from creating additional classes which may have preferred dividend, voting and/or liquidation rights or other benefits not available to holders of its Shares if it chooses to do so. The company has many military veterans on staff, including Director of Military RelationsRobert ONeill. The Amount Of Capital The Company Is Attempting To Raise In This Offering May Not Be Enough To Sustain The Company's Current Business Plan. Funds tendered by investors will be kept in an escrow account or holding account until the next closing after they are received by the bank. Investors name on the Companys wall of investors at the $5,000+ level plus special recognition at each Armed Forces Brewing Company location opened in the future. Net tangible book value per Share consists of shareholders equity adjusted for the retained earnings (deficit), divided by the total number of Shares outstanding. The Armed Forces Brewing stock price is $10 per share of Class C Non-Voting Common Stock, with a minimum of a $200 investment. Amounts held in such balances do not indicate a purchase of any security or otherwise commit the funds to be used to purchase securities. He believes this will be possible once the company has its own brewery with a sales team to bolster the 17 current team members. Renders beer snobs unconscious with 2 fingers? Operating Expenses. Thats the responsible thing to do to protect all of us, and to protect you as an investor. If our assets are deemed to be plan assets of investor plans, transactions which may occur in the course of its operations may constitute violations by the management of fiduciary duties under ERISA. The revenue is realized with the critical event (see planned sources of revenue below) and the amount of revenue is measurable. The Companys independent auditors have raised doubts about the Companys ability to continue as a going concern. However, upon closer review, I realize its spot on. In August 2018, amendments to existing accounting guidance were issued through Accounting Standards Update 2018-15 to clarify the accounting for implementation costs for cloud computing arrangements. If at any time, the Drag-Along Seller receives a bona fide offer from an Independent Purchaser for a Drag-Along Sale, the Drag-Along Seller shall have the right to require that each other shareholder participate in the sale in the manner provided in the Bylaws; provided, however, that no shareholder is required to transfer or sell any of its shares if the consideration for the Drag-Along Sale is other than cash or registered securities listed on an established U.S. securities exchange or traded on the NASDAQ National Market. Investment Securities. Heres what we need from you to comply with the law, in addition to the information you would have to give any online company you wanted to do business with: Read the formal legal offering documents we filed with the SEC by clicking here or downloading the Offering Circular here. If either a third-party facility failed, or the Company's ability to access the Internet was interfered with because of the failure of Internet equipment in general or if the Company becomes subject to malicious attacks of computer intruders, its business and operating results will be materially adversely affected. You should consider general risks as well as specific risks when deciding whether to invest. The Company May Be Unable To Manage Its Growth Or Implement Its Expansion Strategy, The Company may not be able to expand the Company's markets or implement the other features of the Company's business strategy at the rate or to the extent presently planned. There are 750,000 Shares being offered at a price of $10.00 per Share with a minimum purchase of Twenty (20) Shares per investor. PLEASE REVIEW ALL RISK FACTORS ON PAGE 15 THROUGH PAGE 41 BEFORE MAKING AN INVESTMENT IN THIS COMPANY. The Company sold all of its test market inventory by March of 2020 as consumer demand for alcohol products rose during the COVID outbreak. Net loss for the period from January 1, 2020 to December 31, 2020 was $(65,993). In addition to great beer and patriotic brands, Armed Forces Brewing Company is committed to supporting the Military and Veteran community. If packaging costs continue to increase, there is no guarantee that such costs can be fully passed along through increased prices without affecting the Companys operations. In what is known as the Tiananmen Square Massacre, or in Chinese the June Fourth Clearing ( Chinese: ; pinyin . You Will Have Limited Influence On The Management Of The Company. On or about December 4, 2020, the Company filed a Certificate of Amendment of Certificate of Incorporation with the state of Delaware whereby the Companys name was changed to Armed Forces Brewing Company, Inc. Integral Transfer Agency USA Inc. will serve as transfer agent to maintain shareholder information. 7.Comply with any required FINRA filings including filings required under Rule 5110 for the Offering. The Company had insignificant product returns from January 1, 2018 to December 31, 2019. The Company believes that it has exercised reasonable care in conducting an inquiry into Disqualifying Events by the foregoing persons and is aware of the no such Disqualifying Events. THE SECURITIES DESCRIBED IN THIS OFFERING CIRCULAR HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAWS (COMMONLY CALLED "BLUE SKY" LAWS). The Company is dependent upon management and on others in order to conduct its operations and execute its business plan, however, the Company has purchased only limited insurance policies (including a disability policy) with respect to those individuals in the event of their death or disability. Join over 6,700, Armed Forces Brewing Company is pivoting to new 6. James Clark is the Deputy Editor of Task & Purpose and has been with the publication since 2015. When the Company indicates that the Offering will hold a closing and the Investors subscription is to be accepted (either in whole or part), then the Holding Account shall disburse such Investors subscription proceeds in its possession to the account of the Company. All stock, options or vesting stock granted under this Equity Incentive. The Company may extend the Offering for an additional time period unless the Offering is completed or otherwise terminated by the Company. These growth and business strategies include but are not limited to enhancing the Companys operating infrastructure and otherwise responding to competitive pressures. Our Military Brand Ambassador: Robert ONeill. Expenditures for maintenance and repairs are expensed as incurred. The use of Dwollas balance functionality is solely as a payment service that facilitates faster transfers in the event that the user decides to become an investor by purchasing securities. Armed Forces Brewing Company reserves the right to reject certain names and beer ingredients in their absolute discretion. Income taxes are provided for the tax effects of transactions reporting in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of receivables, inventory, property and equipment, intangible assets, and accrued expenses for financial and income tax reporting. GOVERNMENT WARNS TECH COMPANIES TO KEEP YOUR AI CLAIMS IN CHECK, YouTubes new leader teases AI tools that can virtually swap creators outfits and locations, Snapchat is releasing its own AI chatbot powered by ChatGPT, What are the benefits of cloud storage with disadvantages Pro Tips. Failure to comply with existing laws and regulations to which the Companys operations are subject or any revisions to such laws and regulations or the failure to pay taxes or other fees imposed on the Companys operations and results could result in the loss, revocation or suspension of the Companys licenses, permits or approvals, and could have a material adverse effect on the Companys business, financial condition and results of operations. But there are some standouts in the space worth your attention, especially for investors seeking to generate some dividend income along the way. Armed Forces Brewing has successfully completed a test market run and is ready to expand to national and global distribution. The Company anticipates competition among domestic craft brewers will remain strong, as many local craft brewers continue to experience growth. Statements contained herein as to the content of any agreements or other documents are summaries and, therefore, are necessarily selective and incomplete and are qualified in their entirety by the actual agreements or other documents. The Company Is Or Will Be Subject To Income Taxes As Well As Non-Income Based Taxes, Such As Payroll, Sales, Use, Value-Added, Net Worth, Property And Goods And Services Taxes. The following tables illustrate the per Share dilution which would occur under each of the Use of Proceeds section scenarios shown below (before deducting the appropriate offering expenses for each scenario) as of the December 31, 2020 financial statements: If the total capital raised is $1,875,000: Net Tangible Book Value per Share before Offering (based on 3,881,250, Increase in Net Tangible Book Value per Share Attributable to Shares Offered Hereby (based on 187,500 Shares), Net Tangible Book Value per Shares after Offering, Dilution of Net Tangible Book Value per Share to Purchasers in this Offering. As a result, these companies may obtain. You can enlist by investing $200 to $499, at which point youll get a sticker, a challenge coin, an invitation to an annual event, a 5% discount at their online store and a few other benefits. Through good times and bad, the beer industry enjoys steady rates of consumer consumption and is one of the top beverages of choice around the world. The Company recognizes revenue when it has been realized and earned. But theres more. No person has been authorized to give any information or to make any representations concerning our company other than those contained in our offering circular, and if given or made, such other information or representation must not be relied upon. Every investor must buy at . If the total capital raised is $7,500,000: Increase in Net Tangible Book Value per Share Attributable to Shares Offered Hereby (based on 750,000 Shares). These forward-looking statements include matters that are not historical facts. As the Company is still in the early stages of development, no material tax provision exists as of the balance sheet date. If the Company engages the services of additional broker-dealers in connection with the Offering, their commissions will be an additional expense of the Offering. Additionally, this concentration of ownership could discourage or prevent a potential takeover of our Company that might otherwise result in an investor receiving a premium over the market price for its Shares. Check out our State of the Company video to learn how were expanding distribution and working hard to get our American-made beers on store shelves across this great nation. Charge to Retained Earnings for pre-inception costs was $42,675. Moreover, the Company's competitors may independently develop equivalent knowledge, methods and know-how. Armed Forces Brewing Company, Inc. (A Delaware Corporation) 1420 Catlyn Place Annapolis, MD 21401 410-999-4117 www.ArmedForcesBrewingCo.com 750,000 Shares of Non-Voting Class C Common Stock at $10.00 per Share Minimum Investment: 20 Shares of Non-Voting Class C Common Stock ($200.00) Maximum Offering: $7,500,000.00 Direct and indirect energy costs change unpredictably. For purposes of such requirements, current. Two Armed Forces Brewing Company hats Four Armed Forces Brewing Company beer glasses Access for three to the VIP tent/section at one event we sponsor Membership in our tasting club where you have the opportunity taste every new beer before it goes to market** *Travel and accommodations not included on any perk ** Restrictions apply. In response to these issues, the Company may need to significantly increase its packaging capabilities and tank capacity and add personnel to address these challenges. You will have a little ability to take part in the management of the Company as a minority Shareholder and will not be represented on any management board of the Company. The Company had net cash of $(155) on December 31, 2019. Securities to be issued pursuant to this Offering will be Shares of Class C Common Stock. Investors name on the Companys wall of investors at the $10,000+ level plus special recognition at each Armed Forces Brewing Company location opened in the future. The Shares will not be subject to further calls or assessment by the Company. You should read the following discussion and analysis of the Company's financial condition and results of the Company's operations together with the Company's financial statements and related notes appearing at the end of this Offering Circular. We celebrate our country, military, and beer! While there may be processing fees associated with said credit card payment processing, investors will not be responsible for paying any such processing fees charged by Circle, Dwolla or Sila or another entity affiliated with those companies or not affiliated with those companies, but rather the Company will pay all such fees. These potential increases in the number and availability of competing brands, the costs to compete, reductions in contract brewing capacity and decreases in distribution support and opportunities may have a material adverse effect on the Companys business and financial results, as well as your investment. Moreover, the introduction of new products by competitors that compete directly with the Companys products or that diminish the importance of the Companys products to retailers or distributors may have a material adverse effect on the Companys business and financial results, as well as your investment. As of December 31, 2019, the Company had recorded a balance of deferred offering costs of $0. The inability to attract and retain the necessary personnel, consultants and advisors could have a material adverse effect on the Company's business, financial condition or results of operations. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. Necessity of Prospective Shareholders Obtaining Independent Professional Advice. In spite of being squarely aimed at the military market, and being one of the many military-themed beers out there, Armed Forces Brewing prominently features Marines as the only pictured. The Shares are being offered and sold by Armed Forces Brewing Company, Inc., a Delaware Corporation (Armed Forces Brewing, we, our or the Company). Under the regulations, the beneficiary must not only exercise actual, independent control in directing the particular investment transaction, but also the. The Company is offering up to $7,500,000.00 of its Shares of Class C Common Stock to investors in this Offering. This Form 1-A and Offering Circular do not purport to contain all of the information that may be required to evaluate the Offering and any recipient hereof should conduct its own independent analysis. ARMED FORCES BREWING COMPANY. My phone advertised me the announcement of the brewery last week as being different than other breweries. The company is a product of the merger between U.S.. The Company evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. Existing patent, copyright, trademark and trade secret laws afford only limited protection. These laws and regulations are subject to frequent reevaluation, varying interpretations and political debate, and inquiries from governmental regulators charged with their enforcement. The minimum investment amount for a single investor is $200.00 for 20 Shares unless reduced on a case-by-case basis by the Company. In addition to the securities offered, each investor at the various investment levels below will receive perks from the Company, as detailed below. The Company would also likely have to pay fines, penalties and/or other assessments imposed as a result of any data security breach. he got into a Twitter fight with an airline for refusing to wear a mask, Investments in Armed Forces Brewing Company, You can read a more detailed breakdown of the perks, here. The Companys ability to obtain and then maintain its distribution arrangements may be adversely affected by the fact that many of its distributors will be reliant on one of the major beer producers for a large percentage of their revenue and, therefore, they may be influenced by such producers. Lets take a look at some of the key factors that will impact their success or failure. The term "dilution" refers to the reduction (as a percentage of the aggregate Shares outstanding) that occurs for any given Share when additional Shares are issued. As is the case with any business, particularly one without a proven business model, it should be expected that certain expenses unforeseeable to management at this juncture will arise in the future. Total revenue for the period from January 1, 2020 to December 31, 2020 was $12,843 as the Company was in the start-up phase and continued to test market its beer in Maryland and Virginia. Any of such events or occurrences could have a material adverse effect on the Companys financial results and on your investment. Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud, racketeering and terrorism. Seven years later, that thought has turned into a growing business producing three beers that will soon be sold at a major nationwide retailer. The offering circular is available to download here for you to read and review before you invest. Because the Shares being sold are not publicly or otherwise traded, the market for the securities offered is presently stabilized. Variations in the levels of advertising, marketing and promotional expenditures are expected to cause variability in the Companys results of operations. As stated in Article XV of the Companys Bylaws, the holder or holders of at least a majority of the outstanding Class A Common Stock (the Drag-Along Seller) have the right to seek and approve a drag-along sale of the corporation. A member of the Democratic Party, he previously served as a Georgia state senator from 1963 to 1967, and as the 76th governor of Georgia from 1971 to 1975.. Carter was born and raised in Plains, Georgia, graduated from the United States Naval . 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. Shares have been rallying lately, but they remain 50% down from all-time highs last reached in 2016. The Company does not believe that the cost of fulfilling the shareholder benefits/perks listed above will materially impact the Use of Proceeds from this Offering. Any of such events or occurrences could have a material adverse effect on the Companys financial results and on your investment. Such future fund raising will further dilute the percentage ownership of the Shares sold herein in the Company. The Company Has Made Assumptions In Its Projections and In Forward-Looking Statements That May Not Be Accurate. I mean, I wont be shelling out that much cash for a sticker and a few minor benefits, but Im sure someone might. 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. Their success or failure have some legal responsibilities and requirements any data breach... Seeking to generate some dividend income along the way or REGULATORY AUTHORITY read review. Revenue is realized with the right brewery it can be found on the management of the brewery week... Under Rule 5110 for the period from January 1, 2020 was $ 42,675 Offering up $... Filing was accepted and the amount of revenue below ) and the conversion to a corporation became on... As to what will happen to in this Company, methods and.. There is uncertainty as to what will happen to in this Offering both domestically and internationally pay,! 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Alcoholic beverage operation market inventory by March of 2020 as consumer demand for alcohol products rose during the COVID....
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