Dalmore may engage the services of additional FINRA member broker-dealers as part of a selling group, and those additional broker-dealers may be paid additional fees to those disclosed herein. AN INVESTMENT IN THIS COMPANY SHOULD ONLY BE MADE IF YOU ARE CAPABLE OF EVALUATING THE RISKS AND MERITS OF THIS INVESTMENT AND IF YOU HAVE SUFFICIENT RESOURCES TO BEAR THE ENTIRE LOSS OF YOUR INVESTMENT, SHOULD THAT OCCUR. The net proceeds from the Offering, assuming it is fully subscribed, are expected to be approximately $6,925,000.00 after the payment of offering costs including broker-dealer fees. The text on this website is a summary but does not contain all of the terms of our securities offering. Additional mergers and acquisitions in its industry may result in even more resources being concentrated in its competitors. "We started in Annapolis, Md., initially as Seawolf Brewery, which was pretty much a tribute to Navy service," Alan Beal, AFBC's chief executive, tells . It is currently distributed in 14 states and Washington D.C., with plans to expand nationwide.The investment potential of Armed Forces Brewing Company lies in its strong foundation, passionate team, and commitment to giving back to the military community. So, is Armed Forces Brewing Company a good investment? Under the regulations, the beneficiary must not only exercise actual, independent control in directing the particular investment transaction, but also the. The Company may provide for the indemnification of directors, officers and others to the fullest extent permitted by law and, to the extent permitted by such law, eliminate or limit the personal liability of directors, officers and others to the Company and its Shareholders for monetary damages for certain breaches of fiduciary duty. You can also view it on the SECs website here. The consideration to be received by a shareholder who owns any Class C Common Stock shall be the same form and amount of consideration per share of Class C Common Stock to be received by the Drag-Along Seller for its Class A Common Stock (or, if the Drag-Along Seller is given an option as to the form and amount of consideration to be received, the same option shall be given) and the terms and conditions of the sale shall, except as otherwise provided in the immediately succeeding sentence, be the same as those upon which the Drag-Along Seller sells its Class C Common Stock. The offering circular explains that Armed Forces Brewing Company, Inc. is offering 750,000 Shares of Non-Voting Class C Common Stock at $10.00 per share with a minimum purchase of 20 Shares ($200.00). The company's mission is to brew high-quality beer and to support veteran-owned businesses. Because these securities are being offered on a best efforts basis, the following disclosures are hereby made. This discussion contains forward-looking statements reflecting the Companys current expectations that involve risks and uncertainties. Armed Forces Brewing Company is known for great tasting beers as well as its outrageous and patriotic videos for its public stock offering, which has already attracted more than 5,000 investors. There have been a number of ASUs to date, including those above, that amend the original text of ASC. To find a location where the beer can be purchased, go towww.armedforcesbrewing.com. Calculated by Time-Weighted Return since 2002. They own over 500 brands of beer including Budweiser, Stella Artois, and Corona. The OTC Pink Sheets provide significantly less liquidity than the NASDs automated quotation system, or NASDAQ Stock Market. Armed Forces Brewing has successfully completed a test market run and is ready to expand to national and global distribution. The Company has budgeted for the fulfillment of all shareholder benefits/perks from its ongoing operating revenues. Check out our State of the Company video to learn how were expanding distribution and working hard to get our American-made beers on store shelves across this great nation. The military exchange retail network is made up of 1,045 package stores and mini-marts in the continental U.S. that account for $292 million in annual beer sales. Chief Executive Officer, Chief Financial Officer and Director. Invite +1 to a Meet and Greet and dinner the evening before our annual shareholder event with members of our management and our advisory board. Armed Forces Brewings unique corporate mission and marketing have already created national and global buzz and demand. Mainvest is a company that helps aggregate and promote available investment opportunities with small brick-and-mortar businesses in a variety of sectors for as little as $100. The Shares of Class C Common Stock Offered Herein Do Not Have Voting Rights. ANY PROJECTIONS CONTAINED HEREIN OR OTHERWISE PROVIDED TO A POTENTIAL INVESTOR MUST BE VIEWED ONLY AS ESTIMATES. IN ADDITION TO THE RISKS LISTED ABOVE, BUSINESSES ARE OFTEN SUBJECT TO RISKS NOT FORESEEN OR FULLY APPRECIATED BY THE COMPANYS MANAGEMENT. The following tables illustrate the per Share dilution which would occur under each of the Use of Proceeds section scenarios shown below (before deducting the appropriate offering expenses for each scenario) as of the December 31, 2020 financial statements: If the total capital raised is $1,875,000: Net Tangible Book Value per Share before Offering (based on 3,881,250, Increase in Net Tangible Book Value per Share Attributable to Shares Offered Hereby (based on 187,500 Shares), Net Tangible Book Value per Shares after Offering, Dilution of Net Tangible Book Value per Share to Purchasers in this Offering. Persons who desire information will be directed to either www. Moreover, the introduction of new products by competitors that compete directly with the Companys products or that diminish the importance of the Companys products to retailers or distributors may have a material adverse effect on the Companys business and financial results, as well as your investment. The Company competes with other beer and beverage companies not only for drinker acceptance and loyalty, but also for shelf, cold box and tap space in retail establishments and for marketing focus by the Companys distributors and their customers, all of which also distribute and sell other beers and alcoholic beverage products. TABLE OF BENEFICIAL OWNERSHIP AFTER REGULATION A OFFERING. AN INVESTMENT IN THIS OFFERING IS HIGHLY SPECULATIVE, AND YOU SHOULD ONLY INVEST IF YOU ARE PREPARED TO LOSE YOUR ENTIRE INVESTMENT. Investors name on the Companys wall of investors at the $200+ level, 1 invitation to the Companys annual War Games event*, Access to investors-only section of the Companys website, 5% discount in the Companys online store, once it opens, 4 stickers one each from Armed Forces Brewing Company, the Seawolf brand, the Airman brand and the Soldier brand, Armed Forces Brewing Company Challenge Coin, Investors name on the Companys wall of investors at the $500+ level, 2 invitations to the Companys annual War Games event*. You should be aware that there is uncertainty as to whether a court would enforce this provision of the Bylaws and/or these drag along rights and take that into account before making a decision to invest in the Company. The Companys principal shareholders may be able to control matters requiring approval by its shareholders, including mergers or other business combinations. Theres Seawolf Brewing for the Navy, Coast Guard, and Marine Corps; Soldier Brewing for the Army, and Airmen Brewing for the Air Force and Space Force. The Company generates revenues by selling beer. According to the United States State Department, one recent estimate puts the amount of worldwide money laundering activity at $1 trillion a year. Some of the commodities used by the Company are key ingredients in its beer and may not be easily substituted. Before investing in our offering, please review our offering circular carefully, ask any questions of the companys management that you would like answered and consult your own counsel, accountant and other professional advisors as to legal, tax and other related matters concerning this investment. The companys onsite roster lists a number of other military veterans, from fellow Navy SEALs to former Army Special Forces. Depending on where you reside, we may not be able to ship beer to you. IT IS NOT POSSIBLE TO FORESEE ALL RISKS THAT MAY AFFECT THE COMPANY. These include, but are not limited to, enhancing our operating infrastructure and otherwise respond to competitive pressures. He is an Afghanistan War veteran and served in the Marine Corps as a combat correspondent. Operating expenses for the period from January 1, 2019 to December 31, 2019 were $13,725. 3. Prior to the adoption of ASC 606, we recognized revenue when persuasive evidence of an arrangement existed, delivery of products had occurred, the sales price was fixed or determinable and collectability was reasonably assured. Armed Forces Brewing Company is dedicated to brewing high-quality beer for the military community and their families. No assurance can be given that the Company will be able to develop a distribution network or secure distributors on terms favorable to the Company. The Companys Chief Executive Officer may be reached at 410-999-4117 or via e-mail to alan@armedforcesbrewingco.com. It. Gary Bonadonna Jr. has been brewing up unionization efforts in western New York coffee houses since baristas at a local franchise asked his Workers United Rochester Regional Joint Board for help. Best known for Samuel Adams, one of the original "craft beer" names in the U.S. If the Company engages one or more additional commissioned sales agents or underwriters, the Company will supplement this Form 1-A and Offering Circular to describe the arrangement. The Company may establish an audit committee, compensation committee, a nominating and governance committee and other committees to its Board of Directors in the future but have not done so as of the date of this Offering Circular. Acquisition and consolidation activity in several of the packaging supplier networks which could potentially lead to disruption in supply and changes in economics. In addition, courts outside the United States are sometimes less willing to protect trade secrets. An investment in our company should only be made if you are capable of evaluating the risks and merits of this investment and if you have sufficient resources to bear the entire loss of your investment, should that occur. It also exports its products to Canada, Europe, Asia, and Australia. Unfavorable changes in any of these or other factors, most of which are beyond the Companys control, could materially and adversely affect its business, results of operations and financial condition. CAUTION REGARDING FORWARD-LOOKING STATEMENTS, This Form 1-A, Offering Circular and any documents incorporated by reference herein or therein contain forward-looking statements. The revenue is realized with the critical event (see planned sources of revenue below) and the amount of revenue is measurable. In the case of sales to fiduciary accounts (Keogh Plans, Individual Retirement Accounts (IRAs) and Qualified Pension/Profit Sharing Plans or Trusts), the above suitability standards must be met by the fiduciary account, the beneficiary of the fiduciary account, or by the donor who directly or indirectly supplies the funds for the purchase of the Shares. This tiny segment won't rekindle growth overnight for Japan's No. If so, further dilution will occur, but these shares that may be converted are not reflected in the two tables and are not included in any dilution calculations in this Offering Circular. Such concentrated control of the Company may adversely affect the price of the Shares. They now have three beers on the market: Special Hops IPA; Catshot, a lager whose name is a tribute to aircraft personnel; and The Preamble, a light session beer. This amount represents the proceeds of the Offering to the Company, which will be used as set out in Use of Proceeds., (3) There are no finders fees or other fees being paid to third parties from the proceeds, other than those disclosed above. If the Offering is terminated without a Closing, or if a prospective Investors subscription is not accepted or is cut back due to oversubscription or otherwise, such amounts placed into the Escrow Account by prospective Investors will be returned promptly to them without interest or deductions. Alan was the Chief Operating Officer of Seawolf Brewery, LLC based in Annapolis Maryland from 2015 to 2019, and has been the Chief Executive Officer of Seawolf Brewing Company, Inc. which became Armed Forces Brewing Company, Inc. since its inception in 2019. The subscription price is payable by check, wire transfer, ACH, credit or debit card payment or some other form acceptable to the Company as set out in this Offering Circular. I saw the lightning and heard the thunder.. Last year, Walmart committed to invest an additional $350 billion on products made, grown or assembled in theU.S.by 2031. If you purchase Shares in this Offering, you will do so without any assurance that the Company will raise enough money to satisfy the full Use of Proceeds which the Company has outlined in this Offering Circular or to meet the Companys working capital needs. Kirin isn't a growth business, though, and sales have been stagnant for years. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the footnotes thereto. Trade receivables from customers are uncollateralized customer obligations due under normal trade terms, primarily requiring payment before services are rendered. 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