There is no relationship between the offering price and the Companys assets, book value, net worth, or any other economic or recognized criteria of value. Any of such events or occurrences could have a material adverse effect on the Companys financial results and on your investment. Your stake in the Company could be diluted due to the Company issuing additional Shares of Class C Common Stock or other securities such as stock, or securities or debt convertible into stock or additional classes of stock. Reliance on its own breweries may expose the Company to capacity constraints and risk of disruption of supply, as these breweries are operating at or close to current capacity in peak months. Again, any material changes from the earlier reported period are primarily due to the Company receiving this additional private funding in 2020. Accordingly, no person should purchase the Shares unless he or she is willing to entrust all aspects of management to the Company. The industry in which the Company participates is highly speculative and extremely risky. They currently have two brewery locations, but theyre looking to add more. The video, starring well-known former . In part, this alert states that investing using a credit card has several risks including, but not limited to high interest rates, credit risk, transaction fees, credit card abuse, unauthorized charges on your credit card statements and risks related to third-party payment processors. The Shares will only be issued to purchasers who satisfy the requirements set forth in Regulation A. ", PART II PRELIMINARY OFFERING CIRCULAR - FORM 1-A: TIER 2, PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933, 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), See The Offering Page 13 and Securities Being Offered Page 67 For Further Details. The Company had no product returns from January 1, 2020 to December 31, 2020. are based on reasonable assumptions, you should be aware that many factors could affect its actual operating and financial performance and cause its performance to differ materially from the performance anticipated in the forward-looking statements. If all of the Shares in this Offering are sold, the Shares would represent approximately 16.19% of the issued and outstanding combined shares of the Company. Because the Shares being sold are not publicly or otherwise traded, the market for the securities offered is presently stabilized. 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. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. Dividends, if ever declared, may be paid in cash, in property, securities or in stock of the Company, subject to the provisions of law, the Companys Bylaws and the Certificate of Incorporation. Until such committees are established, matters that would otherwise be addressed by such committees will be acted upon by the entire Board of Directors. The offering circular explains that Armed Forces Brewing Company, Inc. is offering 750,000 Shares of Non-Voting Class C Common Stock at $10.00 per share with a minimum purchase of 20 Shares ($200.00). The guidance is effective for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021, and early application is permitted. 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. 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. 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. 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 can be no assurance that the Company will effectively manage such increasing complexity without experiencing future planning failures, operating inefficiencies, insufficient employee training, control deficiencies or other issues that could have a material adverse effect on the Companys business and financial results, The Company may continue to avail itself of contract brewing at third-party breweries. In the event of the dissolution of the Company, after payment or provision for payment of the debts and other liabilities of the Company, the holders of Class A Common Stock, Class B Common Stock and Class C Common Stock will be entitled to receive, in proportion to the number of shares held, the remaining net assets of the Company. On June 12, 2020, Robert J. ONeill, the Navy Seal veteran who killed Osama Bin Laden, joined Armed Forces Brewings team as our national Brand Ambassador, Director of Military Relations, and as a member of our Board of Directors. The actual effects of the spread of coronavirus or of another pandemic are difficult to assess as the actual effects will depend on many factors beyond the control and knowledge of the Company. Another potential value stock in the beer industry is Molson Coors. ARMED FORCES BREWING COMPANY www.armedforcesbrewingco.com. Once proper funding is in place and the opportunity arises, Armed Forces Brewing plans to acquire or build its own brewing facilities to be able to produce quality beer more economically and profitably. The differences may be caused by a variety of factors, including but not limited to adverse economic conditions, lack of market acceptance, reduction of consumer demand, unexpected costs and operating deficits, lower sales and revenues than forecast, default on leases or other indebtedness, loss of suppliers, loss of supply, loss of distribution and service contracts, price increases for capital, supplies and materials, inadequate capital, inability to raise capital or financing, failure to obtain customers, loss of customers and failure to obtain new customers, the risk of litigation and administrative proceedings involving the Company or its employees, loss of government licenses and permits or failure to obtain them, higher than anticipated labor costs, the possible acquisition of new businesses or products that result in operating losses or that do not perform as anticipated, resulting in unanticipated losses, the possible fluctuation and volatility of the Companys operating results and financial condition, adverse publicity and news coverage, inability to carry out marketing and sales plans, loss of key executives, changes in interest rates, inflationary factors, and other specific risks that may be referred to in this Offering Circular or in other reports issued by us or by third-party publishers. For this reason, you should read this Offering Circular and all exhibits and referenced materials carefully and should consult with your own attorney and business advisor prior to making any investment decision. Im proud to work with some great Americans making great American beer, ONeill said in a July 6 statement. The Company may appoint an independent director(s) to its board of directors in the future, particularly to serve on appropriate committees should they be established. The Shares of Class C Common Stock Offered Herein Do Not Have Voting Rights. Necessity of Prospective Shareholders Obtaining Independent Professional Advice. The company was founded in 2014 by two military veterans, Adam and Tim. In summary, the. Should you choose to invest in this offering using a credit card, you should be aware of several risks. 10% discount in the Companys online store, once it opens. There Are Doubts About the Companys Ability to Continue as a Going Concern. James Clark is the Deputy Editor of Task & Purpose and has been with the publication since 2015. As of December 31, 2020, accumulated depreciation totaled $1,808. These companies are its leaders. (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. $18,962. from $29.95. Theres Seawolf Brewing for the Navy, Coast Guard, and Marine Corps; Soldier Brewing for the Army, and Airmen Brewing for the Air Force and Space Force. If a sale does occur, gain or loss realized on the sale of all or a portion of the Shares of Class C Common Stock by a Shareholder may be subject to taxation on capital gain or loss. In addition, the programs administered by the OFAC (the OFAC Programs) prohibit dealing with individuals1 or entities in certain countries, regardless of whether such individuals or entities appear on any OFAC list. In addition, Armed Forces Brewing Company was named one of the Top 30 Veteran-Owned Businesses by Military Times in 2015.If youre looking for a veteran-owned and operated business that produces high-quality craft beer, then Armed Forces Brewing Company is definitely worth checking out. The Shares will be sold only to a person who is not an accredited investor if the aggregate purchase price paid by such person is no more than 10% of the greater of such persons annual income or net worth, not including the value of his primary residence, as calculated under Rule 501 of Regulation D promulgated under Section 4(a)(2) of the Securities Act of 1933, as amended. 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 Companys operations to date have been funded by the founders and initial investors. The Company is taxed as a C Corporation for federal and state income tax purposes. See Page 68 below for further details. Effective January 1, 2019, the Company adopted Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606"). The company was founded in 2014 by two former Navy SEALs, Chrisf active military members, reservists, and veterans.The brewerys mission is to create world-class craft beer that celebrates the brave men and women of the United States Armed Forces.A portion of the proceeds from every sale goes towards supporting military charities. The Company's ability to compete depends, in part, upon a number of factors outside the Company's control, including the ability of the Company's competitors to develop alternatives that are superior. I respect that they employ veterans but seems like a marketing cash grab to those who are balls deep into guns and the military with the main focus being the owner killed Bin Laden. THIS PRELIMINARY OFFERING CIRCULAR SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR MAY THERE BE ANY SALES OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL BEFORE REGISTRATION OR QUALIFICATION UNDER THE LAWS OF ANY SUCH STATE. The warrants may be exercised by Dalmore or their assigns at no cost ($0.00 per. The warrants (a) are not exercisable or convertible more than five years from the qualification date of the offering circular pursuant to FINRA Rule 5110(f)(2)(G)(i); (b) comply with lock-up restrictions pursuant to FINRA Rule 5110(g)(1); and (c) comply with transfer restrictions pursuant to FINRA Rule 5110(g)(2)(A)(ii). Our company goal is to be 60-70% veteran and veteran family employed. As of December 31, 2020, the Company had recorded a balance of deferred offering costs of $0. 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. The Company's success is heavily dependent upon the continued active participation of the Company's current executive officers, as well as other key personnel and contractors. The Company will pay existing officers in the future and may hire additional officers in the future and pay them and may also choose to compensate its directors in the future. The Company established an Equity Incentive Plan, effective as of September 10, 2020, for the benefit of certain individuals. The Companys products also compete generally with other alcoholic beverages. ANY PROJECTIONS CONTAINED HEREIN OR OTHERWISE PROVIDED TO A POTENTIAL INVESTOR MUST BE VIEWED ONLY AS ESTIMATES. The USA Patriot Act is designed to detect, deter and punish terrorists in the United States and abroad. The idea caught fire, leading to the first Starbucks to unionize. There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources, such as debt or equity financings or other potential sources. Bootstrap Brewing is a veteran-owned and operated craft brewery in Lafayette, Colorado. A portion of all proceeds from the sale of their beer goes towards helping veterans and active-duty military members. The Company discloses important factors that could cause its actual results to differ materially from its expectations under the caption Risk Factors below. America Deserves Great Beer. Membership in Companys tasting club where you have the opportunity taste every new beer before it goes to market**, You and our brewing team will develop a beer together and you will name it. 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. Furthermore, the issuance by the Company of any additional securities pursuant to any future fundraising activities undertaken by the Company or could result in an issuance of securities whose rights, preferences and privileges are senior to those of existing Shareholders including you and could dilute the ownership or benefits of ownership of existing Shareholders including, but not limited to reducing the value of the Shares of Class C. Common Stock subscribed for under this Offering. No Class A Common Stock is being sold in this Offering. These provisions could also limit the price that investors might be willing to pay in the future for the Shares. 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. You can also view it on the SECs website here. THE INVESTMENT DESCRIBED IN THIS OFFERING CIRCULAR INVOLVES RISK AND IS OFFERED ONLY TO INDIVIDUALS WHO CAN AFFORD TO ASSUME SUCH RISKS FOR AN INDEFINITE PERIOD OF TIME AND WHO AGREE TO PURCHASE THE SECURITIES THAT ARE BEING OFFERED HEREUNDER ONLY FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TOWARDS A TRANSFER, RESALE, EXCHANGE, OR FURTHER DISTRIBUTION OF SUCH. VIP Treatment and four invitations to our annual shareholder event*, Invite +1 to a Meet and Greet and dinner the evening before the Companys annual shareholder event with members of our management and our advisory board, 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**. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. If the Company is unable to successfully manage the Company's future growth, establish and continue to upgrade the Company's operating and financial control systems, recruit and. For a full description of the voting rights of the Shares offered herein, please review the Certificate of Incorporation (Exhibit 1A-2A) and Bylaws (Exhibit 1A-2B). The Company has entered a highly competitive industry and within this highly competitive industry are companies with established track records and substantial capital backing. This Offering Circular and this section do not purport to give a complete description of all rights related to the Shares of Class C Common Stock, and both are qualified in their entirety by the provisions of the Companys Certificate of Incorporation (Exhibit 1A-2A) and its Bylaws (Exhibit 1A-2B), copies of which have been attached as Exhibits to this Offering Circular. There is also uncertainly as to what long-term restrictions or other effects will occur in the alcohol, restaurant and bar industries. The Company intends to overcome the circumstances that impact its ability to remain a going concern through a combination of the commencement of revenues, with interim cash flow deficiencies being addressed through additional financing. You should not expect to be able to influence any decisions by management of the Company through voting on Company matters. The Companys actual, perceived or alleged failure to comply with applicable laws and regulations or to protect personal data, could result in enforcement actions and significant penalties against the Company, which could result in negative publicity, increase the Companys operating costs, subject the Company to claims or other remedies and may harm its business which would negatively impact the Companys financial well-being and your investment. An investment in our company should only be made if you are capable of evaluating the risks and merits of this investment and if you have sufficient resources to bear the entire loss of your investment, should that occur. Tue, 28 Feb 2023 00:46:13 +0000 View Detailed Check-in. To make the world smarter, happier, and richer. Join over 6,700, Armed Forces Brewing Company is pivoting to new 6. Classification of our assets of as plan assets could adversely affect both the plan fiduciary and management. PLEASE REVIEW ALL RISK FACTORS ON PAGE 15 THROUGH PAGE 41 BEFORE MAKING AN INVESTMENT IN THIS COMPANY. He himself didnt choose that path but is very proud of all his family members who have. Armed Forces Brewing Company is a privately owned microbrewery that was founded in San Diego, California in 2014. Reliance on Company-Owned Production Facilities, Reduced Availability of Breweries Owned by Others, and Inability to Leverage Investment in the Company-Owned Breweries Could Have A Material Adverse Effect on the Companys Operations or Financial Results. Please review Article XV of the Companys Bylaws (Exhibit 1A-2B) and the section below entitled Drag-Along Rights for additional details. The Company May Not Be Able To Obtain Adequate Financing To Continue Our Operations. These could result in unexpected costs to the Company and, in the case of a costly product recall, potentially serious damage to the Companys reputation for product quality, as well as product liability claims. They have a market capitalization of over $200 billion. The Company expects to continue to incur significant advertising, marketing and promotional expenditures to enhance its brands. 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. These expenditures may adversely affect the Companys results of operations and may not result in increased sales. While these distribution agreements will likely contain provisions giving the Company enforcement and termination rights, some state laws will likely prohibit the Company from exercising these contractual rights. ANNAPOLIS, Md. There are no restrictions on alienability of the Shares in the corporate documents other than those disclosed in this Offering Circular. Jasons expertise is in Information Technology, Information Security, System Engineering, Project Management, Change Management, Budgeting, Acquisitions, and craft beer. This provision may have the effect of limiting the ability of investors to bring a legal claim against the Company due to geographic limitations. It. All inquiries regarding this Offering should be. Dissolution or Liquidation of the Company. The OTC Pink Sheets provide significantly less liquidity than the NASDs automated quotation system, or NASDAQ Stock Market. Accordingly, the Company's initial business model may not be successful and may need to be changed. On October 13, 1992, the Department of Labor issued regulations establishing criteria for determining whether the extent of a beneficiarys independent control over the assets in his account is adequate to relieve the ERISA Plans fiduciaries of their obligations with respect to an investment directed by the beneficiary. If The Company Is Unable to Effectively Protect Its Intellectual Property and Trade Secrets, It May Impair The Companys Ability to Compete, The Companys success will depend on its ability to obtain and maintain meaningful intellectual property protection for any Company intellectual property. 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. All of their beers are brewed in small batches, using only the finest ingredients. INFORMATION CONTAINED IN THIS PRELIMINARY OFFERING CIRCULAR IS SUBJECT TO COMPLETION OR AMENDMENT. 2. Molson Coors also reinstated its dividend payment following a temporary pause at the start of the COVID-19 pandemic. The Company May Face Significant Competition From Other Similar Companies, And Its Operating Results Will Suffer If It Fails To Compete Effectively, The Company may face significant competition from other companies, and its operating results could suffer if the Company fails to compete effectively. 3 Immediate family of a senior foreign political figure typically includes such figures parents, siblings, spouse, children and in-laws. The Company has competitors both in the United States and internationally. This concentrated control eliminates other Shareholders ability to influence corporate matters and, as a result, the Company may take actions that its Shareholders do not view as beneficial. Dalmore will refund a portion of the $5,000.00 payment to the extent it is not used, incurred or provided to the Company. Amounts held in such balances do not indicate a purchase of any security or otherwise commit the funds to be used to purchase securities. Investing in a brewery can be a risky proposition, but with the right brewery it can be a very profitable one. During the period from January 1, 2020 to December 31, 2020, the Company received funding consisting of $100,000 which was used to cover operating expenses for that period of time. 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. So, hats off to Armed Forces Brewing for that one. 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. Securities to be issued pursuant to this Offering will be Shares of Class C Common Stock. The Company expenses advertising costs as they are incurred. Material changes from the earlier reported period are primarily due to the Company receiving additional private funding in 2020, as set out below. From January 1, 2020 through December 31, 2020, the Company paid $9,000 in compensation to its executive officers and directors. There is no guarantee the Company will be able to raise such funds on acceptable terms or at all. VIP Treatment and 4 invitations to Companys annual War Games event*, Invite +1 to a Meet and Greet and dinner the evening before the Companys annual War Games event with members of our management and our advisory board, Four Armed Forces Brewing Company beer glasses, Access for 3 to VIP tent/section at one event the Company sponsors, Membership in Companys tasting club where investor has the opportunity taste every new beer before it goes to market**. We debuted our first beer, Special Hops IPA during the Military Bowl inDec. 28, 2017, here inAnnapolis, Beal said. China's military assets are vast and include land-based attacks . The Company was converted to a Delaware corporation after a Certificate of Conversion and a Certificate of Incorporation were filed with the state of Delaware on or about August 21, 2020. Thus, there is a potential conflict in that management will participate in discussions concerning management compensation and audit issues that may affect management decisions. Our Chief Operating Officer Jeff Jennings has been one of the top food and beverage owner-operators and consultants in the Southeast for more than 30 years with corporate level multi-state, multi-unit experience in managing operations under the Marriott, Hilton, Starwood, and IHG brands. You may be required to travel to an official Armed Forces Brewing Company location to taste the beer and provide feedback, or the tasting may take place at our annual shareholder event. have a material adverse effect on its business. The Company intends to purchase or build one or more breweries, and to reduce reliance on contract brewing. I saw the lightning and heard the thunder.. Armed Forces Brewing Company is the parent company for three beer brands that pay tribute to each branch of the Military: Seawolf Brewery (Navy, Marines, Coast Guard), Soldier Brewery (Army), and Airmen Brewery (Air Force and Space Force). Armed Forces Brewing Company is a veteran-owned and operated craft brewery located in San Diego, California. This is an offering made under an exemption from registration via Tier 2 of Regulation A. As the Companys operations expand, it expects that it will need to manage additional relationships with various strategic partners, suppliers and other third parties. You agree to promptly notify the Company should you become aware of any change in the information set forth in any of these representations. The Company has a very short operating history and no assurance that the business plan can be executed, or that the Company will generate revenues or profits. IF YOU ARE UNCERTAIN AS TO WHETHER OR NOT OFFERS OR SALES MAY BE LAWFULLY MADE IN ANY GIVEN STATE, YOU ARE HEREBY ADVISED TO CONTACT THE COMPANY. According to the United States State Department, one recent estimate puts the amount of worldwide money laundering activity at $1 trillion a year. Dalmore may engage the services of additional FINRA member broker-dealers as part of a selling group, and those additional broker-dealers may be paid additional fees to those disclosed herein. Brewed in small batches, using only the finest ingredients it is not used incurred... Security or otherwise PROVIDED to a potential INVESTOR MUST be VIEWED only as ESTIMATES, any material from... 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