Chur! Behemoth hits $1.8m capital raise target

Chur! Behemoth hits $1.8m capital raise target
Brent Melville
Auckland’s Behemoth Brewing tapped into investors’ thirst for craft beer ventures, taking just 20 minutes to raise $1.8 million through online crowd funder Snowball Effect.The capital raising, which sold a 5.04 percent equity at a share price of $1.32, values the business at $34 million. That is $10.8 million more than at last year’s capital raising when the brewery booked $2.06 million from new wholesale and individual investors at a valuation of $23.2 million.Those funds were used to pay for the fit-out of Churly’s, it...

More Retail

The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.