Ironclad Distillery has been making authentic small-batch bourbon whiskey since it began production of its first bourbon in 2015. The distillery’s name comes from the historic Civil War battle that was the first combat between ironclad warships—the USS Monitor and the CSS Virginia—which took place within sight of the distillery.
In June 2017, Ironclad Distillery successfully raised roughly $450,000 in its first equity crowdfunding campaign through MicroVentures’ funding portal First Democracy VC. With proceeds from that offering, the Ironclad team built a tasting room and distillery store within its 30,000 square-foot warehouse, acquired new equipment to expand its production capabilities, and released several limited-quantity bourbons.
The company has more than 2,700 gallons of bourbon... [Read More]
Preferred securities are a type of investment that generally offer higher yields than traditional fixed.
February 12, 2019
April 22, 2019
Product Marketing: 41%
Working Capital: 34%
Owen King - Chief Operating Officer
Owen wrestled and played football in high school in Pennsylvania and was recruited by Millersville University to play defensive end, where he earned a bachelor’s degree in Communications. Following college, and after a brief stint working in Nantucket, Owen moved to Virginia to join his father’s business and be closer to friends and family. He shares the family love of bourbon, and when the opportunity to get involved in making bourbon presented itself, he immersed himself in books and distillery visits. He loves talking about, making, and drinking bourbon.
Stephen King - President
Stephen graduated from the University of Missouri with a bachelor’s degree in Economics. His first job was as a foreman in one of U.S. Steel’s mills. On his first day, he was put in charge of 75 men who, on average, were more than twice his age. When it became apparent that “old guard” companies that helped build this country were losing viability, he went to work for a progressive mini-mill in South Carolina, rising in the ranks to Assistant Superintendent. An opportunity arose for Stephen to move back to Pennsylvania to run a division of a copper tubing company, and he eventually managed each division from manufacturing to sales to executive management. Along the way, he spent three years as Director of all Copper Tubing operations in Mexico and earned an MBA from the University of Maryland.
Afterwards, Stephen and his family moved to Virginia and bought a restoration franchise repairing homes after floods and fires. During this time, he became interested in seeing what it would take to make bourbon, a product that his family loved. After visiting several distilleries and extensively researching the growing popularity of craft distilleries, he enlisted the help of his youngest son to begin making bourbon. After 10 years of restoring homes, he sold the business and dedicated his time to making great tasting, high-quality bourbon.
Kara King - Chief Marketing Officer
Kara was homecoming queen of her high school, played soccer and volleyball, and never failed to do everything creatively. After visiting several American University campuses, she opted for the American University of Paris (France). She spent four years soaking up the European culture and graduated with a degree in Journalism. Upon her return to the U.S., she went to work for Liz Claiborne and eventually Vincent Partners in New York City. An opportunity came for Kara to move to Los Angeles to work for Lucky Brand Jeans, and, later, another opportunity took her to Lands’ End in Wisconsin and then back to NYC to work with LOFT. But the allure of bourbon overtook her, and she joined her father and brother to make bourbon. Recently, she was elected to a two-year term as Vice President of the Virginia Distillers Association.
Price per Share: $9.29
Liquidation Preference: 1x
Conversion Provisions: Convertible into one share of Common Stock (subject to proportional adjustments for stock splits, stock dividends, and the like) at any time at the option of the holder.
There are no additional research reports currently.