CLOSED
US INVESTORS ONLY
Invest in Saucy Brew Works
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Units offered subject to adjustment for bonus units. See Bonus info below.
Co-Issuance
Co-Issuer: Saucy Brew Works SE2 LLC
Address: 2885 Detroit Ave., Cleveland, OH 44113 State of Incorporation: OH
Date Incorporated: April 19, 2021
Investors will make their investments by investing in interests issued by the co-issuer, Saucy Brew Works SE2 LLC, for this offering, which is a special purpose vehicle (“SPV”).
Instead of issuing its securities directly to investors, the Company, Saucy Brew Works LLC, has decided to issue its securities to the SPV, which will then issue interests in the SPV to investors. The SPV has been formed by the Company and is a co-issuer of the securities being offered in this offering. The Company’s use of the SPV is intended to allow investors in the SPV to achieve the same economic exposure, voting power, and ability to assert rights under State and Federal law, and receive the same disclosures, as if they had invested directly in the Company. The Company’s use of the SPV will not result in any additional fees being charged to investors.
The SPV has been organized and will be operated for the sole purpose of directly acquiring, holding and disposing of the Company’s securities. As a result, an investor investing in the Company through the SPV will have the same relationship to the Company’s securities, in terms of number, denomination, type and rights, as if the investor invested directly in the Company.
In order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer indentification number). To the extent they have not already done so, each investor will be required to provide their TIN within the earlier of (i) two (2) years of making their investment or (ii) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherise payable to the investor an amount necessary for the SPV to satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agrement for additional information about tax filings.
Investment Incentives
Early Bird
First 7 days - Friends and family - 10% bonus shares
Next 7 days - 5% bonus shares
Volume Tiers
Tier 1 - $100 - 5% discount at all brewpubs + a Free Birthday Beer + 10% bonus units for repeat investors* + Investor Day invite (swag and large ticket giveaways included)
Tier 2 - $300 - 10% discount at all brewpubs
Tier 3 - $600 - $2 growler fills (limited to one per day / per investor for one calendar year from the campagin close day)
Tier 4 - $1,000 - 16oz - 4 pack of exclusive StartEngine Investor beer**|*** + 25% off online merchandise
Tier 5 - $3,500 - Quarterly Coffee Shipment***, which includes 1 bag of House Roast and 1 bag Seasonal Roast on each shipment + a Coffee Mug on the first shipment
Tier 6 - $5,000 - Saucy Brew Works LED Sign***
Tier 7 - $10,000 - 10% Bonus Units
Tier 8 - $25,000 - Invitation to Cavs game (investor + guest) with two members of management / ownership****
* Repeat investors must use the same email registered on StartEngine that was used for the original investment.
** Subject to the ability of our third-party partners to ship beer across state lines.
*** Cost of shipping will be passed on to the investor.
**** Travel and lodging expenses not included.
All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Saucy Brew Works, LLC will offer 10% additional bonus units for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. owner's bonus.
This means eligible StartEngine Unit holders will receive a 10% bonus for any units they purchase in this offering. For example, if you buy 100 Class C Units at $1.13/unit, you will receive and own 110 Class C units for $113. Fractional units will not be distributed, and unit bonuses will be determined by rounding down to the nearest whole unit.
This 10% Bonus is only valid during the investor’s eligibility period. Investors eligible for this bonus also will 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.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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