is armed forces brewing company, a good investment
If the Offering is terminated without a Closing, or if a prospective Investors subscription is not accepted or is cut back due to oversubscription or otherwise, such amounts placed into the Holding Account by prospective Investors will be returned promptly to them without interest or deductions. We celebrate our country, military, and beer! 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. The foregoing written notice must state the name and address of the prospective acquiring party and, if the offer or indication of interest is not in writing, describe the principal terms and conditions of the proposed Drag-Along Sale. Changes in federal and other tax rates could have a significant effect on the Companys financial results. Launched in 2019, Armed Forces Brewing Company was . Armed Forces Brewing - "Invest in my brewery 'cause I'm an operator and guns are cool" ownarmedforcesbrewingco. INFORMATION CONTAINED IN THIS PRELIMINARY OFFERING CIRCULAR IS SUBJECT TO COMPLETION OR AMENDMENT. The Company has budgeted for the fulfillment of all shareholder benefits/perks from its ongoing operating revenues. Beer is a top beverage for consumers all over the world and generates ample profits for the major producers and their shareholders. Ultimately, management of the Company intends to use a substantial portion of the net proceeds for operations and general working capital. The Company Faces Significant Competition in the United States, Canada and Elsewhere. 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 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. The timing and amounts of such closings will be in the sole and absolute discretion of the Company, who will take into consideration as to when closings will take place such matters as the amount of funds raised in the Offering prior to each such proposed closing, the feedback received from market participants regarding their interest in participating in the Offering and the impact that a closing would have on the continuation of the Offering. Im proud to work with some great Americans making great American beer, ONeill said in a July 6 statement. 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. *** Restrictions apply. Robert ONeill is one of the most highly-decorated combat Veterans of our time. Armed Forces Brewing Company is looking to raise $7.5 million in a campaign to grow its business. The Company will not initially sell the Shares of Class C Common Stock through commissioned broker-dealers other than Dalmore but may do so after the commencement of the offering. The particular facts concerning the sponsorship, operations and other investments of a qualified retirement plan, IRA or Keogh Plan may cause a wide range of persons to be treated as parties in interest or disqualified persons with respect to it. Proceeds from the stock offering will be used to acquire a brewing facility to maximize production so the company can reach as many Americans as possible. The video also includes a CGI flyover from a trio of aircraft that look a lot like Russian MiG-29s and the same woman appears to have been cloned several times over in different service-specific outfits. If the total capital raised is $3,750,000: Net Tangible Book Value per Share before Offering (based on 3,881,250 Shares), Increase in Net Tangible Book Value per Share Attributable to Shares Offered Hereby (based on 375,000 Shares). Such occurrences may create bad tasting beer or pose health risk to the consumer or risk to the integrity and safety of the packaging. The Company's Employees May Engage In Misconduct Or Improper Activities. Another potential value stock in the beer industry is Molson Coors. Attention has shifted to higher-end beers and trendy beverages such as sparkling hard seltzer (the premium side of the business) to better align the brand portfolio with current consumer tastes. 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. any discussion of the timing or nature of future operating or financial performance or other events. 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. FOR RESIDENTS OF ALL STATES: THE PRESENCE OF A LEGEND FOR ANY GIVEN STATE REFLECTS ONLY THAT A LEGEND MAY BE REQUIRED BY THAT STATE AND SHOULD NOT BE CONSTRUED TO MEAN AN OFFER OR SALE MAY BE MADE IN A PARTICULAR STATE. If the Company is unable to defend the Company's trade secrets from others use, or if the Company's competitors develop equivalent knowledge, it could have a material adverse effect on the Company's business. Because the Shares being sold are not publicly or otherwise traded, the market for the securities offered is presently stabilized. The Company anticipates raising additional funds through public or private financing, securities financing and/or strategic relationships or other arrangements in the near future to support its business operations; however, the Company may not have commitments from third parties for a sufficient amount of additional capital. Armed Forces Brewing Company plans for its beers to also be available for online ordering and shipping to beer lovers in 46 states by the end of the summer. Additionally, convertible notes may have a price cap on the conversion price, which effectively acts as a share price ceiling. Prior to the adoption of ASC 606, we recognized revenue when persuasive evidence of an arrangement existed, delivery of products had occurred, the sales price was fixed or determinable and collectability was reasonably assured. With their knowledge of beer and my knowledge of the industry and connection to the military, it was a great fit.. They offer growlers and kegs to-go from their tasting room located in the Point Loma neighborhood of San Diego. While the funds you tendered are in an escrow account or one of these payment processor accounts or an account with an affiliated financial institution, if the company holding the funds should fail or otherwise terminate operations, the Company may not be able to recover all amounts deposited in these holding accounts. The Chinese military is a branch of the People's Republic of China Armed Forces and contains the land, naval, air, and strategic missile forces. I have two uncles who wereMarines, one of which was a Purple Heart recipient, and then I have another uncle and three cousins that went to West Point. The Shares being offered in this Offering Circular have no voting rights. Factors or events that could cause the Companys actual operating and financial performance to differ may emerge from time to time, and it is not possible for the Company to predict all of them. Investors should pay careful attention to the number of convertible notes that a company has issued and may issue in the future, and the terms of those notes. 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. As of December 31, 2019, the net tangible book value of the Company was $(35,667) since the Company had generated $12,889 in revenue but had cumulative expenses equal to $27,361 and $115,000 in paid-in-capital. In summary, the. Companys Bylaws state that the holders of a majority of the outstanding Class A Common Stock have the right to seek and approve a Drag-Along Sale of the Company. They have a market share of over 45% in the United States.Anheuser-Busch InBev is a publicly traded company on the New York Stock Exchange under the ticker symbol BUD. The Company is permitted to issue preferred stock pursuant to the terms of our Company documents, preferred stock could be issued in series from time to time with such designation, rights, preferences, and limitations as needed to raise capital. Earned the Bar Explorer badge! INVESTMENT OPPORTUNITY. The Company may not be able to accomplish these tasks, and its failure to accomplish any of them could prevent us from successfully growing the Company. Various parties can be on title for a VA home loan. The military exchange retail network is made up of 1,045 package stores and mini-marts in the continental U.S. that account for $292 million in annual beer sales. The Act imposes anti-money laundering requirements on brokerage firms and. As this filing is being made, there is uncertainty as to if, or when, this will change. Different rules apply to accredited investors and non-natural persons. Unless otherwise indicated and subject to applicable community property laws, to the Companys knowledge, each shareholder named below possesses sole voting and investment power over their shares, where applicable. To the extent that the Offering Circular contains forward-looking statements regarding the financial condition, operating results, business prospects, or any other aspect of the Companys business, please be advised that the Companys actual financial condition, operating results, and business performance may differ materially from that projected or estimated by the Company. The Company does not expect to update or otherwise revise this Form 1-A, Offering Circular or other materials supplied herewith except as required by law in which case the Company will file post-qualification amendments or offering circular supplements as facts and circumstances warrant. Expenditures for maintenance and repairs are expensed as incurred. Our revenue may fluctuate from period-to-period in the future due to a variety of factors, many of which are beyond our control. Non-accredited investors are limited in the number of Shares they may purchase to an aggregate purchase price paid by such person that is no more than 10% of the greater of such persons annual income or net worth, not including the value of his or her primary residence, as calculated under Rule 501 of Regulation D promulgated under Section 4(a)(2) of the Securities Act of 1933, as amended. Armed Forces Brewing doesn't make any beer at all . Investors will be given an opportunity to review the current status of all material contracts and financials and ask appropriate questions of management prior to subscribing to this offering. The two tables above do not reflect the anticipated dilution that will occur if the Company authorizes and issues additional shares of Class C Common Stock or shares of a different class of stock in the future, nor do they include dilution that will occur if any of the broker-dealers are issued warrants which ultimately are exercised. Armed Forces Brewing Companywas selected. Processing fees and other charges may be added to the subscription amount to pay for the third-party costs of processing investor payments. The Company complies with the requirements of ASC 340-10. You should be aware of the long-term nature of your investment in the Company. However, upon closer review, I realize its spot on. A portion of the proceeds from this Offering may be used to compensate or otherwise make payments to officers or directors of the issuer. To a variety of factors, many of which are beyond our control, which effectively acts a... 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