Investment plan unclear
BrewDog crowd fund falls short of £25m target
The Aberdeenshire company’s “equity for punks” scheme raised £19m which will be used to expand its brewery in Ellon and open more bars.
The fourth round closed on Wednesday although applications are still being accepted until 29 April.
BrewDog described Equity for Punks IV as “the biggest equity crowdfunding campaign ever seen” and intends to replicate the process to develop its brewer in the US.
It said: “In October 2009, barely into our second year, we took the unprecedented step to become a plc and give the public the chance to buy shares in BrewDog.
“Equity for Punks put the people who enjoyed our beers in control rather than faceless moneymen, and immediately it became inherent to our way of working.
“Since then we have released more shares over three more rounds, and the most recent of which — Equity for Punks IV — closed yesterday.
“In so doing, it has become the biggest ever equity crowdfunding offer, raising £19 million.”
Photo: James Watt, co-founder