The companys commitment to quality and its dedication to providing veterans with job opportunities makes it a great choice for those looking for an ethical and profitable way to invest their money. 750,000 Shares of Non-Voting Class C Common Stock at $10.00 per Share. The officers and directors of the Company may be paid salaries and receive benefits that are commensurate with similar companies, and a portion of the proceeds may be used to pay these ongoing business expenses. any discussion of the timing or nature of future operating or financial performance or other events. The Company Is Dependent Upon Its Management, Founders, Key Personnel and Consultants to Execute the Business Plan, And Some Of Them Will Have Concurrent Responsibilities At Other Companies. This legislation is broad and complex, and given its recent enactment, regulations or other interpretive guidance are currently limited. Changes In Laws Or Regulations Could Harm The Companys Performance. Armed Forces Brewing Company is a veteran-owned and operated craft brewery based in San Diego, California. 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 Equity Incentive Plan is attached as a Material Contract in Exhibit 1A-6 to this Offering Circular. Complying with obligations under such indebtedness may have a material adverse effect on the Company and on your investment. They have something for everyone, and their beers are always of the highest quality. All of their beers are brewed in small batches, using only the finest ingredients. Their goal is to produce the best tasting beer possible while also supporting the military community. In addition, the Company expects to incur substantial operating expenses in order to fund the expansion of the Company's business. All funds delivered in connection with subscriptions for the Shares will be held in a non-interest-bearing escrow account or non-interest bearing holding account until a closing of the Offering, if any. The Companys Actual Or Perceived Failure To Adequately Protect Personal Data Could Harm Its Business. None of the Securities Offered Are Being Sold By Present Security Holders. If you decide to subscribe for any Shares in this Offering, you must deliver a funds for acceptance or rejection. I mean, think about it. Fiduciaries of certain ERISA Plans which provide for individual accounts (for example, those which qualify under Section 401(k) of the Code, Keogh Plans and IRAs) and which permit a beneficiary to exercise independent control over the assets in his individual account, will not be liable for any investment loss or for any breach of the prudence or diversification obligations which results from the exercise of such control by the beneficiary, nor will the beneficiary be deemed to be a fiduciary subject to the general fiduciary obligations merely by virtue of his exercise of such control. You can "enlist" by investing $200 to $499, at which point you'll. Before payment of any dividend, there may be set aside out of any funds of the Company available for dividends such sums as the Board of Directors, in its absolute discretion, deems proper as a reserve for working capital, to meet contingencies, for equalizing dividends, for repairing or maintaining any property of the Company, or for such other purposes as the Board of Directors shall deem in the best interests of the Company, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created. The Company Currently Has Limited Marketing In Place. 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. Good beer to start off with . Government and Other Campaigns and Laws Could Reduce Demand. If all of the Shares in this Offering are fully subscribed and sold, the Shares offered herein will constitute approximately 16.19% of the total outstanding shares of the Company. The Companys ability to continue as a going concern may be dependent upon raising capital from financing transactions, increasing revenue throughout the year and keeping operating expenses below its revenue levels in order to achieve positive cash flows, none of which can be assured. The Shares will only be issued to purchasers who satisfy the requirements set forth in Regulation A. 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. Please be advised that the Company may not accept any subscription amounts from a prospective purchaser if such purchasers cannot make the representation set forth in the preceding sentence. the updated standard will have on the financial statements and related disclosures. However, that doesnt mean it couldnt be a good investment for you.If youre looking to invest in a company that supports the armed forces, then this could be a good option for you. His grandfather, father, brother, nephew, 2 uncles, and several cousins all served in the U.S. Military. We are more than a local craft beer. 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. One of my herds consisted of Shorthorn cows by Spry bulls and I used Bill Sykes Belgium Blue bulls over them and what a great calf they produced. Management believes that after the coronavirus pandemic subsides, the demand for alcohol, restaurants and bars in the United States will grow, creating an opportunity for the Company. Fees in the chart above only reflect the cash fee (5%), and do not reflect the warrants, which are also not represented in the table of beneficial ownership herein. 2 A senior foreign political figure is defined as a senior official in the executive, legislative, administrative, military or judicial branch of a foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government-owned corporation. Also, existing breweries are building more capacity, adding additional local tap rooms, expanding geographically and adding more SKUs and styles. The Exclusive Forum Provision In The Subscription Agreement May Have The Effect Of Limiting An Investors Ability To Bring Legal Action Against The Company And Could Limit An Investors Ability To Obtain A Favorable Judicial Forum For Disputes. Amit advocates for and assists other entrepreneurs in the deaf community with their start-up businesses. The company is planning to go public, and there are several reasons why it could be a wise investment.For one, the company has a strong focus on quality. Consequently, this is an uncommon growth stock in the alcohol investment world. Pending each closing, payments for the Shares will be deposited in an escrow account or holding account to be held for the Company. Alan comes from a four-branch military family. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled Risk Factors and elsewhere in this Offering Circular. The Company's business and operations are sensitive to general business and economic conditions in the United States. This is what the JOBS Act is all about giving everyday Americans in the general public a chance to do what venture capitalists and the rich investors on Wall Street have been allowed to do for years. James is responsible for overseeing the daily news coverage of the editorial team, assigning stories, approving pitches, editing, and ensuring stories published on the site meet Task & Purposes editorial standards and the audiences needs. There is no income tax provision for the Company for the period from January 1, 2018 through December 31, 2019 as the Company had no taxable income. The Companys Chief Executive Officer is Alan Beal. Armed Forces Brewing may be based in Annapolis, Maryland, home of the U.S. Further, the Company's success and achievement of the Company's growth plans depend on the Company's ability to recruit, hire, train and retain other highly qualified technical and managerial personnel. The World Health Organization declared a global emergency on January 30, 2020, with respect to the outbreak and many states and countries, including the United States, have initiated significant restrictions on business operations. Purchasers may be accredited investors or non-accredited investors. The Offering is being conducted on a best-efforts basis without any minimum number of Shares or amount of proceeds required to be sold. This Offering Will Commence Upon Qualification of this Offering by the Securities and Exchange Commission and Will Terminate 365 days from the date of qualification by the Securities And Exchange Commission, Unless Extended For Up To Another 365 days or Terminated Earlier By The Issuer. ARMED FORCES BREWING COMPANY PINT GLASS. The companies that make the foods we eat can also produce investment opportunities. Any change in the interpretation of the Tax Act or other legislative proposals or amendments could have an adverse effect on the Companys financial condition, results of operations, and cash flows. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Information on the investment opportunity is available at: www.OwnArmedForcesBrewingCo.com. 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 Company expects to sell most of its alcoholic beverages to independent beer distributors for distribution to retailers and, ultimately, to drinkers. Growth could place an increasing strain on its management and financial resources. The Company's acceptance of your subscription will be effective when an authorized representative of the Company signs the Subscription Agreement. Contact the author here. The Company currently does not pay its directors any compensation for their services as board members, with the exception of reimbursing board related expenses. Should Passive Income Investors Buy This High-Yield Stock? So do your own research before making any decisions. As for attendance at sponsored events as listed above, the Company notes that sponsored events will vary from year to year and may not occur at all some years. 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. The Company will also engage Dalmore as a consultant to provide ongoing general consulting services relating to the Offering such as coordination with third party vendors and general guidance with respect to the Offering. Armed Forces Brewing Company. If any asset sold were depreciable or amortizable, a gain probably would be produced since depreciation and amortization deductions decrease the adjusted tax basis. Whether youre looking for a refreshing lager to drink on a hot day, or a hearty ale to warm you up on a cold night, Armed Forces Brewing Company has the perfect beer for you. These important risk factors include, but are not limited to: The Company is a relatively new entity with limited tangible assets and its continued operation may require substantial additional funding. 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is armed forces brewing company, a good investment