Spirits Capital, a pre-revenue fintech developing trading and investing platforms for whiskey, filed on Tuesday with the SEC to raise up to $6 million in an initial public offering.
Spirits Capital (Spirits Cap Corp.) is listed with thin volume on the OTCPink under the symbol SSCC.
Spirits Capital operates three distinct subsidiaries. Subsidiary Spirits Global engages in the sale of Cask Investment Deeds that provide a fixed return over a fixed period of time; it owns 2,145 barrels of premium American whiskey. Subsidiary Spirits Barrels buys and sells premium American whiskey; it has 1,300 barrels of premium American whiskey in production with a distillery. Subsidiary Distilled Barrels Financial Exchange (DBFEX) intends to revolutionize spirits trading by offering a secure, user-friendly digital marketplace that connects distilleries, investors, and other industry professionals for seamless and transparent transactions.
The Newport Beach, CA-based company was founded in 1995 and has not yet booked revenue. It plans to list on the Nasdaq but has not yet selected a ticker (RC ticker: SSCC.RC). R.F. Lafferty & Co. is the sole bookrunner on the deal. No pricing terms were disclosed.
