1812 Brewing Company Reduces Authorized Shares, Eliminates Convertible Debt
News related to:1812 Brewing Company · 2 min read
WATERTOWN, NY, UNITED STATES, October 1, 2026 /CourierPR/ -- 1812 Brewing Company has announced significant shareholder and operational updates aimed at enhancing the company's financial health and market positioning. The company has reduced its authorized shares by 95%, from 20 billion to a maximum of 1 billion shares. This move, according to management, signals a commitment to long-term growth and the attraction of stable, long-term investors rather than short-term traders.
The company also reported the elimination of $500,000 of convertible debt, a program that had previously resulted in highly dilutive share issuances. This toxic investor, who had been a significant stakeholder, no longer holds any equity or debt position in the company. The 3(a)10 transaction, which had been a three-year program, has ceased entirely.
In late 2025, 1812 Brewing Company entered into an agreement to buy back $3.4 million of convertible debt at a significant discount. This debt, which had the potential to convert into billions of shares, was immediately retired, further reducing the company's share dilution risk.
Additionally, the company amended approximately $10 million of convertible debt to eliminate the equity conversion feature, transforming it into a straightforward debt obligation. Discussions continue for the reduction or outright elimination of this debt.
The company's common stock float stands at approximately 107,000 shares. Management believes that by tightening the float, the company can attract long-term investors who are focused on the company's growth potential rather than short-term market fluctuations.
1812 Brewing Company continues to expand its product line, recently placing its War of 1812 Amber Ale and Thousand Islands IPA in Texas Roadhouse. The company is also exploring the introduction of a hard cider line and possibly entering the spirits industry with a focus on whiskey. Its three-story water-side restaurant serves as a showcase for these award-winning beers and hosts parties, events, and live music and comedy acts.
The company's current holdings include award-winning beers such as War of 1812 Amber Ale, 1812 Light, Hazy Oasis Pale Ale, Thousand Islands IPA, Malicious Intent XX IPA, Route 11 Lager, Railroad Red Ale, Helles Bells Lager, St. Stephens Stout, and Third Rail Porter. The company aims to build a nationwide network of craft breweries, fostering brand growth at the local, regional, and national level through shared economies of scale in production, distribution, and new product development.
The press release concludes with a statement emphasizing the company's commitment to long-term growth and the potential for appreciation in its common stock.