BALTIMORE, MD.– A Baltimore, Maryland-based liquor distillery has raised $290,000 in debt, according to a Securities and Exchange Commission filing.
Old Line Spirits filed the Form D on April 20. It did not disclose what it intended to do with the proceeds.
Old Line Spirits is a craft distillery located in Baltimore, Maryland, offering whiskey made of 100 percent malted rye.
Mark McLaughlin and Arch Watkins acquired Golden Distillery, located in Seattle, Washington, from Bob Stilnovich. McLaughlin and Watkins moved what is now Old Line Spirits to Baltimore.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell securities.
The form can be found here.
This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism