Christian Layke
A start-up brewery has raised $140,000 from four investors, according to a filing with the Securities and Exchange Commission.
Parallel World Brewing Co. filed the Form D on April 25. The first sale occurred on April 10, and the company plans to raise a total of $700,000. The minimum investment accepted from any outside investor is $14,000.
The company does not intend this offering to last more than one year, and it is not being made in connection with a business combination transaction.
The company has two trademarks, which can be found here.
Christian Layke, chief executive officer, signed the Form D. He was head brewer at Gordon Biersch Brewery Restaurant for eight years before co-founding Parallel World Brewing in March 2017.
The Form D can be found here.
The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
