Evans Brewing Company Announces Completion of Bayhawk Ales Acquisition
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MyBeer Buzz
From Evans Brewing:
IRVINE, CA - Jan 5, 2016 – Evans Brewing Company (EBC), formed to develop and distribute premium craft beers, today announced the completion of its acquisition of the assets and liabilities of Bayhawk Ales, Inc., the oldest microbrewery in Orange County, California. In connection with the close of the transaction, Evans Brewing Company ceased to be a shell company as defined in Rule 12b-2, in that it has assets consisting of more than cash and cash equivalents, and has a business plan and operations.
The combined assets of Evans Brewing Company now include all brewery and beer related assets formerly owned by Bayhawk Ales as well a variety of Evans brands including Evans Pollen Nation Honey Blonde Ale™, The KrHOPen India Pale Ale™, Oaklore Brown Ale™, ChocōLatté Chocolate Porter™, Evans Original, Evans Black, Evans Light Lagers, and a number of additional beer brands under management.
Further details of the transaction are contained in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on December 10, 2015. The report can be accessed on the SEC website, www.sec.gov.
Included in the 8-K is a detailed description of the Asset Purchase Transaction between EBC and Bayhawk, which was approved by an overwhelming majority (over 99%) of independent Bayhawk stockholders, and the subsequent share exchange process, which closed on December 2, 2015.
With the acquisition and share exchange complete, Evans Brewing Company intends to move forward with its previously announced strategy to have EBC stock listed and traded on a U.S. stock market. EBC has retained a market maker that has submitted an application to FINRA to list EBC’s common stock and begin trading.
"Much of management’s attention over the past two years has been necessarily focused on the acquisition of Bayhawk Ales assets, especially the brewery in Irvine, California," said Mike Rapport, Chairman of Evans Brewing Company. "With this process now complete, we will continue to support the company’s brewery and beer supply operations while concurrently preparing for our anticipated listing on the OTC Markets and charting a path for planned ongoing future growth and increased shareholder value."
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