GET A PIECE OF CORAL SPIRITS
Seas the Day; Treasure the Night
$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.
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*
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
WEBSITE
View Site
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
Chief Executive Officer (CEO) Director, CFO
Mike Biviano
COO and Secretary
Russell Allan Watkins
Board Member
Meredith Gregory
President, Controller
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
Board Member
Robert E Mann Jr
Board Member
Edward Keith Mann
Board Member
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
*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
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$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
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?
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