West 32 Soju offering is now closed and is no longer accepting investments.
Keep the party going
INVEST IN WEST 32 SOJU TODAY!
REASONS TO INVEST
Awarded as Gold Winner Soju Producer of the Year in 2017 and 2019 in the NY International Spirits Competition, featured in the NY Times and Wine Spectator
Our revenue has grown 28% from 2018 to 2019 with a 45% increase in annual cases sold, and expanded distribution from 3 to 13 states
Soju is the one of the best selling distilled spirits in the world and the US is one of the fastest growing soju markets, with a growth rate of 15% year over year for the past 3 years
ABOUT
130 S. Indian River Driver, Ste #202-237
New York, NY 10011
$4.4M
West 32 Soju was created with a mission to bring soju into the mainstream. Our high quality, versatile spirit has a low ABV and premium branding that resonates with the American craft drinker for their most memorable nights.
TEAM
Daniel Lee
15+ years in corporate finance, M&A and strategy consulting
Advised on over $5 Billion of M&A transactions
Former head of finance for Tibi, MPOWERD, HEVO Power, and currently IrisVR
Dan currently dedicates over 30 hours per week at West 32 Soju.
Max Fine
10 years as a corporate attorney, most of the time focused on e-commerce and consumer products
Built patent portfolios, raised seven-figures in capital, and led companies through Series A rounds.
Former General Counsel for HEVO Power and MPOWERD, and currently works as Senior Counsel at CaaStle Inc.
Max currently dedicates 40+ hours per week at West 32 Soju.
Chiyo Takemoto
Advisor
TERMS
Overview
Breakdown
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Archibald & Wens Inc. |
Corporate Address | : | 130 S. Indian River Driver, Ste #202-237, New York, NY 10011 |
Offering Minimum | : | $9,990.96 |
Offering Maximum | : | $249,989.97 |
Minimum Investment Amount(per investor) | : | $234.75 |
Terms
Offering Type | : | Equity |
Security Name | : | Non-Voting Common Stock |
Minimum Number of Shares Offered | : | 1,064 |
Maximum Number of Shares Offered | : | 26,623 |
Price per Share | : | $9.39 |
Pre-Money Valuation | : | $4,401,243.24 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).
Offering maximum.
In reliance on this relief, financial information certified by the principal executive officer of the issuer has been provided instead of financial statements reviewed by a public accountant that is independent of the issuer, in setting the offering maximum of $250,000.
Expedited closing sooner than 21 days.
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Investment Incentives and Bonuses*
Early Bird
First 72 hours - Friends and Family | 15% bonus shares
Next 72 hours - Super Early Bird | 10% bonus
Next 7 days - Early Bird Bonus | 5% bonus shares
Volume
All Investors 20% discount through 1-877-SPIRITS (www.1-877-spirits.com)
$250 Investment:
West 32 Soju Sticker
$500 Investment:
West 32 Swag Bag (Branded sticker, T-Shirt, tote bag)
$1,000 Investment + 5% bonus:
West 32 Soju Bar Kit (4 shot glasses, a carafe, and a cocktail shaker)
Swag Bag
$5,000 Investment + 10% bonus:
West 32 Soju Bar Kit
West 32 Swag Bag
A one (1) hour cocktail making class with Coquetel Spirits (up to 6 friends via Zoom or other preferred video conference site)(supplies not included)
$10,000 Investment + 15% bonus
West 32 Swag Bag
West 32 Soju Bar Kit
Free Distillery Tour and Tasting at Yankee Distillers for you and up to 3 friends. It includes a 1-night stay at a hotel (2-rooms included) and free samples (excludes airfare and ground transportation).
The 10% Bonus for StartEngine Shareholders
Archibald & Wens Inc. 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 100 shares of Class B Non-Voting Common Stock at $9.39 / share, you will receive 110 shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $939. 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 cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
*All perks occur when the offering is completed.
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: Vendor payments. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Any expense labeled “Travel and Entertainment”.
ALL UPDATES
11.05.20
Last Day to Invest!
This is the last day to invest in West 32 Soju! We are in the process of planning a national expansion of our premium, craft soju. Come join us in making soju mainstream in the U.S!
11.02.20
4 Days Left to Invest!
4 Days Left to Invest! Join the team and help us make soju mainstream in America!
Thanks!
Max and Dan
10.26.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, West 32 Soju has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in West 32 Soju be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
10.20.20
Swag is Here!
To Our Investors,
We have ordered swag and it is starting to arrive. Please make sure your address with StartEngine is up to date. We expect to start mailing out your eligible investor swag within the next month.
Thanks!
Max and Dan
09.24.20
Celebrating 99 investors ... Will you be #100? Join us today!
09.15.20
Expansion Continues!
Dan and I are excited to announce we have partnered with Highland Distributors to serve Massachusetts, New Hampshire, Maine, and soon, Rhode Island. We have now expanded into five (5) new states since the onset of COVID. We hope everyone is safe and well.
Max and Dan
09.04.20
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the West 32 Soju offering. Here's an excerpt describing the specifics of the change:
Extended length of campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
09.02.20
West 32 Soju Expands Partnership with Total Wine
Hi Everyone,
We're excited to announce Total Wine has approved West 32 Original for Massachusetts, Southern California, Tennessee, and Washington State.
Cheers,
Max and Dan
08.27.20
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, West 32 Soju has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in West 32 Soju be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
08.10.20
Status of West 32 Soju During COVID
Hi Everyone,
We want to provide a brief update on the state of West 32 Soju during these unprecedented times. We are proud to say West 32 Soju has managed to get through March/April/May, and since June 1, we have returned to pre-COVID levels. For June and July, we saw an 11% increase in cases sold year-over-year (YoY) from June and July 2019. Moreover, revenue was on par with 2019. Right now, we're focused on growing our distribution in the US, with adding a distributor in the mid-Atlantic region and securing distributor in NY & CA as top priorities. We appreciate your support and look forward to sharing future updates.
Thanks!
Max and Dan
REWARDS
$234.00
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$234.00
All Investors Tier
All Investors 20% discount through 1-877-SPIRITS (www.1-877-spirits.com)
$250.00
Soju Have Swag
West 32 Soju Sticker
$500.00
Soju Think You Can Dance
West 32 Swag Bag (Branded sticker, T-Shirt, tote bag)
$1,000.00
Soju Shake It: + 5% bonus
West 32 Soju Bar Kit (4 shot glasses, a carafe, and a cocktail shaker) Swag Bag
$5,000.00
Soju Make Cocktails: + 10% bonus
West 32 Soju Bar Kit West 32 Swag Bag A one (1) hour cocktail making class with Coquetel Spirits (up to 6 friends via Zoom or other preferred video conference site)(supplies not included)
$10,000.00
Soju Want to Distill: + 15% bonus
West 32 Swag Bag West 32 Soju Bar Kit Free Distillery Tour and Tasting at Yankee Distillers for you and up to 3 friends. It includes a 1-night stay at a hotel (2-rooms included) and free samples (excludes airfare and ground transportation).
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
How much can I invest?
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.
When will I receive my shares?
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.
What will the return on my investment be?
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.
Can I cancel my investment?
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.
What is the difference between Regulation Crowdfunding and Regulation A+?
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.
