Will growth be in the cards for Yuengling’s Ice Cream come 2017? It looks like that may be the goal, as the company just announced it is seeking to raise up to $5 million in a private placement offer.
“We are very excited that many of our customers, who already have been asking, will be able to become shareholders,” commented Yuengling’s President David Yuengling.
According to a press release, Yuengling’s intends to use the proceeds from the offering for growth initiatives including:
An IPO may also be in the cards for the company in the coming months. Yuengling’s Ice Cream said it will also be allocating funds for the expenses associated with a planned public offering of its shares under Regulation A+ of the JOBS Act of 2012.
Currently offering opportunities up to $5 million, the deal is only available to accredited investors. The company requests that accredited investors interested in reviewing the offering materials do so on BANQ®’s website at www.banq.co or directly at http://www.banq.co/causes/yuengling.