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Brewer and distiller Mighty Craft in equity raising

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ASX-listed brewer and distiller Mighty Craft has launched a $7.7 million equity raising via Morgans, as its crown jewel Better Beer looks for $20 million of its own via Jarden.

Social media comedians behind Inspired Unemployed, Jack Steele (left) and Matt Ford, have a combined 40 per cent stake in the Better Beer brand. 

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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Original URL: https://www.afr.com/street-talk/brewer-and-distiller-mighty-craft-in-equity-raising-20230320-p5ctkr