Brewtope approves ¥110 million preferred share issue
The proposed investment from INSPiRE Mutualistic Symbiosis Fund 1 would support craft beer logistics and production.
Brewtope approved a ¥110 million preferred share issue to INSPiRE Mutualistic Symbiosis Fund 1 on October 27, according to a disclosure from giftee Group. The company planned to issue 82,090 shares, with the investment agreement scheduled for October 28 and payment for October 30.
The financing is intended to expand brewery logistics and inventory storage and support manufacturing and product development. New shares would increase the fund’s holding and dilute giftee’s stake without a sale of giftee’s existing shares. A separate planned ¥40 million convertible bond from giftee is additional to the preferred share issue.
Use of funds
Brewery logistics and storage
Manufacturing and product development