Fireman's Brew, a US-based craft beer company, is conducting a private offering of stock for California residents.
The offering includes 6,250,000 shares of common stock at $0.80 per share for an aggregate offering price of $5,000,000.
The proceeds will be used to fund the company's growth plans.
Fireman's Brew COO David Johnson told the brewbound.com that the company is looking to grow aggressively.
In accordance with the provisions of California Corporations Code Section 25102(n), the prospective investors must be residents of the state of California and must be qualified purchasers as defined under California Corporations Code Section 25102(n)(2), the company said.
Fireman's Brew produces and distributes the premium line of Fireman's Brew branded beers including, Fireman's Brew: Blonde, Fireman's Brew: Brunette and Fireman's Brew: Redhead, throughout California, Colorado and Illinois.
