Log In

GET A PIECE OF CORAL SPIRITS

Seas the Day; Treasure the Night

At Coral Spirits & Company, we're not just disrupting the premium beverage market – we're reshaping it with an innovation that we believe sets us light-years ahead of the competition.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$35,757.15 Raised

REASONS TO INVEST

Coral Spirits is part of the RTD alcohol market, which is projected to increase to 8M by 2027, & the seltzer category, projected to reach $17B this year, outperforming the spirits, wine, & beer markets.*

Our innovative patent-pending pouches tie consumers back to the nostalgic days of summer. Coral Cruisers are a grab and go option for anyone outdoors.

We have positioned Coral with our unique agave formula in allowing us to now target consumers through multi-channel sales, providing additional revenue streams both B2B and direct to consumer.

*(Source | Source | Source

the pitch


Premium Beverages Made Right.... Now That's Happiness in Waves 


Over the last year, Coral has been meticulously building the foundation for success. In the past 12 months, we have achieved H-E-B mandate, as well as, expanding distribution across Texas.

This success has opened doors with other retailers beyond Texas, setting the stage for the highly anticipated launch of Coral Cruisers. Through our alliance with brokerages, Coral has the ability for national coverage.

Over the past 18 months, we developed and tested our pouches with the world's largest flexible packaging manufacturer. Production on our two patent pending pouches is slated to launch Q1 2024.

 

*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.


Embrace the Tide with Coral as our alcohol is derived from 100% Blue Agave. All our products are gluten-free and all natural.

the opportunity


Sparkling Cocktails Made Right


At Coral, we bridge the gap between malt based and distilled spirits beverages. We deliver a quality product at a competitive price point. Coral focuses heavily on the premiumization of the brand, allowing us to attract consumers away from our competitors, in our view.



A key focus at Coral is sustainability. It takes 26 truckloads of empty bottles to equal just 1 truckload of empty pouches. Reducing costs and our carbon footprint by as much as 5,500 tons of carbon dioxide.



Our sustainability doesn't stop there, Coral even developed biodegradable straws made from left over agave fibers used in the production of tequila.


THE market & our traction


The Seltzer Category is Projected to Hit $17.24B by the End of 2023*

*Source


We’ve set our sights on the exciting RTD alcoholic beverages market, where the tides of growth are set to surge. With a projected increase of a whopping $8 million and an accelerating CAGR of 5.81% from 2022 – 2027 (source), this market is rapidly growing and Coral Spirits is ready for expansion.

Having secured partnerships with major retailers like Target, Total Wine, H-E-B, and Kroger's, Coral Spirits is ready to set sail for even greater heights, as we plan to expand our retail distribution channels further in 2024. Our brand has grown by over 180%.  

In the fiercely competitive alcohol space, Coral Spirits stands out by pushing the boundaries of creativity and adapting to consumers' evolving desires, including revolutionizing the packaging game and offering something refreshingly different from the norm.

why invest


Join Coral Spirits – A Sparkling Reality


Now, with the opportunity through StartEngine, Coral Spirits is ready to take the next big step, scaling up production and effectively marketing the brand across multiple states. Ride the Wave with Coral and be part of our community. 


ABOUT

HEADQUARTERS
98 Avenue A
Conroe, TX 77301

At Coral Spirits & Company, we're not just disrupting the premium beverage market – we're reshaping it with an innovation that we believe sets us light-years ahead of the competition.

TEAM

Marko C. Kaluderovic

Marko C. Kaluderovic

Chief Executive Officer (CEO) Director, CFO

With more than 12 years of expertise in supply chain management, he spent learning in the oil and gas sector in Nigeria. Marko primary focus is generating profits from collaborating with suppliers nationwide, while managing our multi-state manufacturing co-packers.

Mike Biviano

Mike Biviano

COO and Secretary

Mike has been actively in alcohol sales since graduating University of Texas San Antonio. He has over 15 years of experience in the alcohol sector. Starting with Republic, then working as regional manager for Patron. Originally from a small town in Ohio, he came to Texas for his love of golf. From there the idea was born; his friend came to him wanting to start their shared passion. Over a drink on the beach, Coral was formed. 

Russell Allan Watkins

Russell Allan Watkins

Board Member

Russell was a standout swimmer. Graduating from Florida Atlantic he has spent the last 17 years in Texas. He has spent that cultivating relationships in the beverage industry and now manages the sales team in executing Coral growing accounts.

 Meredith Gregory

Meredith Gregory

President, Controller

Raised in Texas and graduated from Texas A&M B.S. in Geology, she has spent many years in the

oil sector. Her passion for creating and executing her vision has been paramount for Coral

growth. Her foresight to change and innovation has created the first in its class pouch.

 Wallace Alexander Harding

Wallace Alexander Harding

Board Member

Robert E Mann Jr

Robert E Mann Jr

Board Member

 Bob Mann has spent his entire career building and leading executive teams, taking on big challenges and delivering successful results. His experience as a Franchisee, consultant and Board of SONIC co-op has provided him with the unique ability to identify business opportunities across disciplines, evaluate improvement options, and recommend systemic solutions. Bob balances a sense of urgency with a pragmatic approach to enhancing operational performance. Bob is a key consultant in providing valuable knowledge into growing the brand. 

Edward Keith Mann

Edward Keith Mann

Board Member

 Ed Mann has a proven executive management track record and over 40 years of entrepreneurial experience. With over three dozen franchise locations, his strong leadership and keen attention detail play a detrimental role in shaping the foundation of our organization.  

TERMS

Coral Spirits
Overview
PRICE PER SHARE
$1.78
DEADLINE
Nov 8, 2023
VALUATION
$17.8M
FUNDING GOAL
$10k - $1.23M
Breakdown
MIN INVESTMENT
$199.36
MAX INVESTMENT
$1,234,999.60
MIN NUMBER OF SHARES OFFERED
5,617
MAX NUMBER OF SHARES OFFERED
693,820
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$247,132

$626,992

Cash & Cash Equivalents

$10,765

$302,808

Accounts Receivable

$0

$14,502

Short-Term Debt

$138,010

$51,146

Long-Term Debt

$112,063

$11,161

Revenue & Sales

$261,377

$55,922

Costs of Goods Sold

$153,478

$33,321

Taxes Paid

$0

$0

Net Income

-$650,138

-$143,336

*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. 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 & Bonuses*

Tier 1- $250

Exclusive Coral Founders Hat 

Exclusive Coral Sticker

Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations. 

Tier 2- $500

1 Exclusive Coral Founders Hat  

1 Exclusive Coral Sticker  

2 Exclusive Coral Founders Tumblers  

Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations. 

Tier 3 - $1000

5% Bonus Shares 

2 Exclusive Coral Founders Hat 

2 Exclusive Coral Sticker  

2 Exclusive Coral Founders Tumblers 

Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations. 

Tier 4 - $5000

8% Bonus Shares  

2 Exclusive Coral Founders Hats  

2 Exclusive Coral Stickers  

4 Exclusive Coral Founders Tumblers 

1 Exclusive Coral Canvas Backpack

Receive our 12 pack Can Variety and 12 pack Variety Coral Cruisers  

Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations. 

Tier 5 - $10,000

10% Bonus Shares 

2 Exclusive Coral Founders Hats 

2 Exclusive Coral Stickers 

4 Exclusive Coral Founders Tumblers 

1 Exclusive Coral Canvas Backpack

Receive a Case of Coral Variety Pack and Case of Coral Cruisers 

Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations. 

Tier 6 - $25,000

12% bonus shares 

2 Exclusive Coral Founders Hat 

2 Exclusive Coral Sticker 

4 Exclusive Coral Founders Tumblers 

1 Exclusive Coral Canvas Backpack

Receive a Case of Coral Variety Pack and Case of Coral Cruisers 

Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations

Tier 7 - $50,000

15% bonus shares 

2 Exclusive Coral Founders Hat 

2 Exclusive Coral Sticker 

4 Exclusive Coral Founders Tumblers 

1 Exclusive Coral Canvas Backpack

Receive a Case of Coral Chilton, a case of Coral Variety Pack and Case of Coral Cruisers 

Private invitation: Private tasting and developing of our newest flavors. Will be involved from formulation to designing with our marketing partner Tilted Chair.

Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.

Please be advised that some of the perks and incentives listed above may not be available to certain investors due to state-specific rules and regulations related to alcohol distribution and consumption. The availability of these benefits may vary based on your location and the legal restrictions governing such activities. We recommend that you carefully review your local laws and regulations before considering any investment in relation to the mentioned tiers and associated incentives.

The 10% StartEngine Owners' Bonus

Coral Spirits will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 110 shares of Common Stock at $1.78 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $178. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

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 canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

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.

ALL UPDATES

Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Coral Spirits.

$199

Earn 10% Bonus Shares

Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.

$250

Tier 1- $250

Exclusive Coral Founders Hat Exclusive Coral Sticker Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations.

$500

Tier 2- $500

1 Exclusive Coral Founders Hat 1 Exclusive Coral Sticker 2 Exclusive Coral Founders Tumblers Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations.

$1,000

Tier 3 - $1000

5% Bonus Shares 2 Exclusive Coral Founders Hat 2 Exclusive Coral Sticker 2 Exclusive Coral Founders Tumblers Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations.

$5,000

Tier 4 - $5000

8% Bonus Shares 2 Exclusive Coral Founders Hats 2 Exclusive Coral Stickers 4 Exclusive Coral Founders Tumblers 1 Exclusive Coral Canvas Backpack Receive our 12 pack Can Variety and 12 pack Variety Coral Cruisers Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations.

$10,000

Tier 5 - $10,000

10% Bonus Shares 2 Exclusive Coral Founders Hats 2 Exclusive Coral Stickers 4 Exclusive Coral Founders Tumblers 1 Exclusive Coral Canvas Backpack Receive a Case of Coral Variety Pack and Case of Coral Cruisers Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations.

$25,000

Tier 6 - $25,000

12% bonus shares 2 Exclusive Coral Founders Hat 2 Exclusive Coral Sticker 4 Exclusive Coral Founders Tumblers 1 Exclusive Coral Canvas Backpack Receive a Case of Coral Variety Pack and Case of Coral Cruisers Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations

$50,000

Tier 7 - $50,000

15% bonus shares 2 Exclusive Coral Founders Hat 2 Exclusive Coral Sticker 4 Exclusive Coral Founders Tumblers 1 Exclusive Coral Canvas Backpack Receive a Case of Coral Chilton, a case of Coral Variety Pack and Case of Coral Cruisers Private invitation: Private tasting and developing of our newest flavors. Will be involved from formulation to designing with our marketing partner Tilted Chair. Metal Founders Card "Lifetime Status" 25% off all Merchandise. All Merchandise proceeds go to various Ocean conservation organizations

JOIN THE DISCUSSION

0/2500

Something Went Wrong
Ice breaker! What brought you to this investment?

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest in over 200 start-ups and collectibles!

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

RAISED
$35,757.15
INVESTORS
34
MIN INVEST
$199.36
VALUATION
$17.8M

Get To Know Us

Our Team

Careers

Blog

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.
Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRASIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

Investment opportunities posted and accessible through the site are of three types:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.
By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.

Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information

(800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.

StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.

StartEngine Marketplace

The availability of company information does not indicate that the company has endorsed, supports, or otherwise participates with StartEngine.

None of the information displayed on or downloadable from www.startengine.com (the 'Website') represents a recommendation, offer, or solicitation of an offer to buy or sell any security. It also does not constitute an offer to provide investment advice or service. StartEngine does not (1) make any recommendations or otherwise advise on the merits or advisability of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.

All investment opportunities are based on indicated interest from sellers and will need to be confirmed.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks, and you should complete your own independent due diligence regarding the investment. This includes obtaining additional information about the company, opinions, financial projections, and legal or other investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.

StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC. StartEngine Bulletin Board ("SE BB") is a bulletin board platform that advertises interest in shares of private companies that previously executed Reg CF or Reg A offerings. SE BB enables shareholders to communicate interest in potential sales of shares in private companies and investors to discover, review, and potentially invest in private companies. As a bulletin board platform, SE BB provides a venue for investors to access information about private company offerings and connect with potential sellers. SE BB is distinct and separate from StartEngine Secondary (“SE Secondary”), which is an SEC-registered Alternative Trading System (ATS) operated by SE Primary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. While a security may be displayed on the bulletin board, these securities will be subject to certain restrictions which may prevent the ability to buy and sell these securities in a timely manner, if at all. Even if a security is qualified to be displayed on the bulletin board, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.