BrewDog bar

Six Weeks Late, BrewDog Files 1-K, Risking $50M Offering

BrewDog USA, the upstart American subsidiary of British pub operator and crowdfunding phenomenon BrewDog PLC, hastily filed its first annual report on Wednesday, six weeks late and three days after Growth Capitalist began asking BrewDog officials why the company was continuing to promote its offering and sell securities while delinquent in its required financial reporting.

Crowdfunding Trade Groups Prepare to Merge

In another sign of consolidation in the crowdfinance market in the face of underwhelming growth, the market’s two main trade associations are planning to merge later this year. The Crowdfunding Intermediary Regulatory Advocates (CFIRA) and the Crowdfunding Professional Association (CfPA) are in talks to merge into a single trade group