GET A PIECE OF AUROCHS BREWING
A New Gluten Free Beer Experience
$298,557.74 Raised
ABOUT
HEADQUARTERS
8321 Ohio River Boulevard
Emsworth, PA 15202
WEBSITE
View Site
At Aurochs Brewing, we believe that you shouldn’t have to choose between a gluten-free beer and great taste. Since our inception, we have brewed over 40 different styles of award-winning, naturally gluten-free beer while developing strong partnerships and an enthusiastic customer base. After an incredible few years of growth, we are ready to expand regionally to deliver our product to as many people as possible.
TEAM
Ryan Bove
Co-Founder, CEO, President, and Manager
Doug Foster
Co-Founder & Manager
Brian Scott
Board Member
Mr. Scott earned his undergraduate degree from the Pennsylvania State University and his master’s degree in software engineering from Gannon University.
He has also been a business mentor with the Erie Technology Incubator and continues to mentor entrepreneurs as an angel investor with BlueTree Allied Angels, one of the most active angel groups in the Mid-Atlantic region of the US.
Edward R. Hobart
Board Member
As an institutional investor, Ted was a founding partner of Chart Venture Partners, a firm which focused on early stage technology companies with dual-use application (commercial plus defense/security/government markets). Prior to Chart, Ted worked in The Carlyle Group’s US venture capital investment arm, which emphasized multi-stage venture and growth equity investments across many sectors in the US. Before Carlyle, Ted was a partner at 4C Ventures, an early stage investment firm which was formerly the corporate venture arm of Olivetti.
Ted has served as a Board Director or Observer for more than a dozen companies, in addition to several not-for-profit organizations. In addition to the operating roles mentioned above, Ted also worked as CFO of a materials technology company and an early stage biotech startup spun out of that materials business.
Ted holds an MBA degree from Stanford University and BA in Economics from Williams College.
TERMS
Aurochs Brewing
Overview
INTEREST RATE
6.0%
MATURITY DATE
Sep 1, 2024
VALUATION CAP
$15M
FUNDING GOAL
$10k - $525k
Breakdown
MIN INVESTMENT
$250
DISCOUNT RATE
15.0%
CONVERSION TRIGGER
$5,000,000
OFFERING TYPE
Convertible Notes
TYPE OF EQUITY
Common Units
What is a Convertible Note?
A convertible note offers you the right to receive Common Units in Aurochs Brewing. The amount of Common Units you will receive in the future will be determined at the next equity round in which the Company raises at least $5,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $15,000,000.00 Valuation Cap or if less, then you will receive a 15.00% discount on the price the new investors are paying. You also receive 6.00% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Common Units equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% bonus below.
Voting Rights (applies when the convertible notes of this Reg. CF offering convert into Common Units)
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives*
10% Family and Friends Discount - Invest in First 72 hours
2124 Brewing Company LLC will offer 10% additional bonus interest for all investments that are committed by investors within the first 72 hours of launching the campaign.
5% Early Bird Discount - Invest in First 7 Days
2124 Brewing Company LLC will offer 5% additional bonus interest for all investments that are committed by investors within the first 7 days of launching the campaign.
Tier 1 Investment Perks: $250
1 Can Magnet Opener
1 Sticker
1 Ownership certificate
Tier 2 Investment Perks: $500
1 T-Shirt
All Tier 1 Perks
Tier 3 Investment Perks: $1,000
1 Can Glass
All Lower Tier Perks
Tier 4 Investment Perks: $5,000
1 Backpack
All Lower Tier Perks including 2 each of perks from Tiers 1-3.
Tier 5 Investment Perks: $10,000
1 Cooler
All Lower Tier Perks including 4 each of perks from Tiers 1-3.
A zoom call with the founders.
Note that beer can only be provided for the call in states in which Aurochs Brewing Company is eligible to ship or distribute into at the time of the call.
2% Bonus interest
2124 Brewing Company LLC will offer 2% additional bonus interest for all investments that are committed by investors who invest $10,000 in the campaign.
Tier 6 Investment Perks: $25,000
All Lower Tier Perk in Tiers 1-4 including 4 each of perks from Tiers 1-3.
A zoom call with the founders.
Note that beer can only be provided for a call in states in which Aurochs Brewing Company is eligible to ship or distribute into at the time of the call.
5 % Bonus Interest for Tier 6 Investors
2124 Brewing Company LLC will offer 5% additional bonus interest for all investments that are committed by investors who invest $25,000 in the campaign.
*All perks occur after offering is completed.
10% StartEngine Owners' Bonus
2124 Brewing Company LLC will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 6.6% instead of 6%.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Inter company debt or back payments. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”. Vendor payments.
ALL UPDATES
REWARDS
JOIN THE DISCUSSION
0/2500
Amanda Ondik
9 months ago
Hi I never received my perks.
1
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Stanley Ochs
10 months ago
Just wondering if the investor perks are still being shipped? I did not receive mine.
1
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Susan Subocz
a year ago
Still haven’t received owner perks. Any update?
2
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joseph cercone
a year ago
Is the beer available in the Philadelphia area as a retail purchase? thank you
1
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Jeffrey Lillie
a year ago
Why the continued extensions? When is the actual closing date. Getting tired of reconfirming lol 😂
1
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Robert Moncavage
a year ago
Any update on when the investor perks will be shipping?
2
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Amanda Ondik
a year ago
I am very excited to invest in this company. After being diagnosed with Celiac I thought I would never drink beer again. I enjoy the taste and quality of this product.
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Dara DiBiase
a year ago
Hey guys! What date/time does the campaign close? Thank you!! Dara
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Jeffrey Lillie
a year ago
Just bought in and am super excited! Slightly confused as far as shares go with the convertible note though. So at date of maturity, unless 5m raised sooner, the investment will automatically convert to shares? And if so did I see that current investors would have the opportunity to buy more shares prior to opening back up to the public for trading? TIA and I'm excited to see this grow!
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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Stanley Ochs
8 months ago
0
0