“As previously stated, it was hard to imagine a scenario wherein the Company would need to issue 20 billion shares, and to have the Authorized Shares at that level was counterproductive to our ongoing efforts to reduce the Company’s overall cost of capital,” stated Chairman and CEO
The Company’s reduction in Authorized Shares has an effective date of
About
KEGS is an operator of and investor in companies in the craft beer industry. The Company seeks to build a nation-wide network of craft breweries to develop and foster respective brand growth at the local, regional, and national level. KEGS looks to build a network wherein certain economies of scale can be shared across it such as production, distribution footprint expansion, inter-member contract brewing, new product development, sharing of best brewery practices and scale logistics and transportation. The network is to be built through investment by
The Company’s current holding,
For more updates, follow us on Facebook, Twitter and Instagram.
https://www.facebook.com/SacketsHarborBrewingCompany/
https://www.instagram.com/1812brewingco/
https://twitter.com/1812Brewing
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact: contact@1812ale.com
Attachment
- $KEGS -
1812 Brewing Co. , produces award-winning beers such as War of 1812 Amber Ale (“1812 Amber Ale”)
$KEGS - 1812 Brewing Co. , produces award-winning beers such as War of 1812 Amber Ale (“1812 Amber Ale”)
War of 1812 Amber Ale (“1812 Amber Ale”) - Six Pack
2022 GlobeNewswire, Inc., source