Initial (Beer) Can Offering

Only in California: A San Francisco company is combing a craft brewery with a crowdfunding campaign for an Initial Coin Offering for stock to be celebrated by a beer called ICO.

On July 11, Seven Stills Brewery & Distillery will release it’s ICO India Pale Ale that will contain a token that grants the drinker up to 100 free shares in the company for every minimum ($500) investment made.

They call it an “Initial Can Offering.”

The company is trying to raise $1 million at $10/share to build a new brewery near the Golden State Warriors arena.

Probably the most expensive can of beer ever (unless you buy one at an NFL game).

(PS: If you join their mailing list, you get a free beer).

http://markets.businessinsider.com/news/stocks/san-francisco-brewery-distillery-seven-stills-launches-ico-campaign-to-fund-new-18-000-sq-ft-flagship-location-1027350943

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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