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Insights
Client News, Success, and the Latest from the Rundlet Team
The Latest Insights
Rundlet Advisory Counsels Uncle Waithley’s Beverage Company on Equity Crowdfunding Offering
We are happy to announce our role in representing Uncle Waithley’s Beverage Company Inc, small-batch makers of award-winning, all-natural ginger beer that marries tradition with innovation. Founded by mixologist Karl Franz Williams, the company is proudly Black-owned and based in Harlem, and one of the only Black and Caribbean-owned ginger beers on the market.
We advised Uncle Waithley’s in connection with its $300K offering of common stock to the public pursuant to Regulation Crowdfunding (an Obama-era regulation that permits issuers to raise capital from non-accredited investors). The offering was conducted through StartEngine, an equity crowdfunding portal registered with the U.S. Securities and Exchange Commission.
Rundlet Advisory is a boutique Black-owned corporate and commercial law firm, with offices on Wall Street in New York and Brickell Avenue in Miami. We offer strategic and practical advice and counsel to audacious enterprises and individuals. We work shoulder-to-shoulder with clients to manage complexity, exploit opportunities, mitigate risk, and optimize outcomes.
Supporting businesses like Uncle Waithley’s Beverage Company allows us to advance our commitment to expanding capital access and capital formation to often overlooked and under-advised entrepreneurs.
Rundlet Advisory Counsels URL Media on Equity Compensation Matters
We are happy to announce our role in representing URL Media Holdings, Inc., the multi-platform network that is working to create a more equitable media landscape by enabling more economic viability for media organizations serving Black and Brown communities. URL Media’s team is made up visionary minds who dared to challenge the status quo and redefine the boundaries of the media landscape.
We advised URL Media in connection with the establishment of an equity compensation plan and the initial issuances of stock options thereunder. The equity compensation plan provides a means for employees to participate in the value they help create for URL Media.
Rundlet Advisory has also recently provided strategic counsel to URL Media, supported their certification as a minority and women owned business, and negotiated their role as co-producers of the “Vice is Broke” documentary, which made its debut at the Toronto Film Festival.
Rundlet Advisory is a boutique Black-owned corporate and commercial law firm, with offices on Wall Street in New York and Brickell Avenue in Miami. We offer strategic and practical advice and counsel to audacious enterprises and individuals. We work shoulder-to-shoulder with clients to manage complexity, exploit opportunities, mitigate risk and optimize outcomes.
Supporting businesses like URL Media allows us to advance our commitment to providing sophisticated, tactical and practical legal advice and counsel to often overlooked and under-advised entrepreneurs.
Rundlet Advisory Counsels Edenesque on $1.2M Capital Infusion
We are happy to announce our role in representing Edenesque, producers of delicious chef-crafted, plant-based dairy alternatives. Edenesque was founded by Leslie Woodward, a tenacious Black woman entrepreneur with more than two decades of experience in the culinary world.
We advised Edenesque in connection with a capital infusion of $1.2m from Black Farmer Fund, Inc., a nonprofit focused on providing supporting capital, community connections, and technical assistance to Black agricultural businesses across the Northeast through the provision of loans and grants.
Rundlet Advisory is a Black-owned boutique corporate law firm, with offices on Wall Street in New York and Brickell Avenue in Miami. We offer strategic and practical advice and counsel to audacious enterprises and individuals. We work shoulder-to-shoulder with clients to manage complexity, exploit opportunities, mitigate risk and optimize outcomes.
Supporting businesses like Edenesque allows us to advance our commitment to expanding capital access and capital formation to often overlooked and under-advised entrepreneurs.
URL Media Announces 3 New Partners: Baltimore Beat, Parlé Magazine and TANTV Studios
Today, URL Media announced that it has welcomed three respected media organizations to its network that includes high-performing outlets serving Black and Brown communities. The new partners, Baltimore Beat, Parlé Magazine and TANTV Studios, center the voices and perspectives of Black audiences and diaspora communities, bringing the total URL Media network to 35 partners.
“Our new additions to the URL network produce the journalism we know our communities crave, such as local news and entertainment, in the formats they want, such as streaming and IRL events,” said S. Mitra Kalita, CEO and Co-founder. “I’m looking forward to learning from them and amplifying their content widely.”
Read the Full Press Release at URL Media
The Black Farmer Fund Is Raising $20M To Invest In Black-Owned Food Businesses
The Black Farmer Fund (BFF) is raising $20 million for its second fund, BFF Fund 2.0, aimed at strengthening the Black food system across the Northeast.
BFF is a community-driven investment fund that supports Black agricultural and food businesses to build a more equitable food system.
Read the Full Article in People of Color in Tech
Rundlet Advisory Counsels New England Sweetwater Farm & Distillery on $800K Capital Infusion
We are happy to announce our role in representing New England Sweetwater Farm & Distillery (NESW), producers of a full line of award-winning spirits and ready-to-drink cocktails.
We advised NESW in connection with a capital infusion of $800K from Black Farmer Fund, Inc., a nonprofit focused on providing supporting capital, community connections, and technical assistance to Black agricultural businesses across the Northeast through the provision of loans and grants.
Rundlet Advisory is a boutique Black-owned corporate and commercial law firm, with offices on Wall Street in New York and Brickell Avenue in Miami. We offer strategic and practical advice and counsel to audacious enterprises and individuals. We work shoulder-to-shoulder with clients to manage complexity, exploit opportunities, mitigate risk and optimize outcomes.
Supporting businesses like NESW allows us to advance our commitment to expanding capital access and capital formation to often overlooked and under-advised entrepreneurs.
This Black-Owned Ginger Beer Is Spicing Up The Soda Biz
Uncle Waithley’s Beverage Company wants you… to invest.
The brand recently announced the launch of its StartEngine Regulation Crowdfunding raise. Take into account the specialty soda and carbonated beverage categories capturing 42% of consumer purchases in overall specialty beverages over the last two years and you get a glimpse into the popularity of this drink space. The ginger beer market alone is worth over $8 billion, and is projected to reach over $13.5 billion by 2030.
Read The Full Article in Food Beast
New England Sweetwater Farm and Distillery Creates Award-Winning Spirits
Whiskey enthusiasts may already be familiar with the renowned New England Sweetwater Distillery based in New Hampshire. What adds an inspiring dimension to this exceptional distillery is its status as an African-American, family-owned business.
In an industry where family-owned enterprises are becoming increasingly rare, particularly within the realm of premium spirits, New England Sweetwater Distillery stands out. Traditionally dominated by white families, the spirits industry is undergoing a transformative shift with a rising demand for diversity and transparency.