Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 1998
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INDEPENDENCE BREWING COMPANY
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(Exact Name of Registrant as Specified in Charter)
Pennsylvania 0-28898 23-2763840
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(State or Other Juris- (Commission File (IRS Employer
diction of Incorporation) Number) Identification No.)
1000 East Comly Street
Philadelphia, Pennsylvania 19149
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(Address of Principal (Zip Code)
Executive Offices)
(215) 537-2337
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
The Company has determined to reduce the exercise price of its 4,600,000
Redeemable Warrants from $6.00 per share to $1.50 per share, effective December
12, 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Press Release dated December 1, 1998
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INDEPENDENCE BREWING COMPANY
(Registrant)
/s/ Dominic S. Liberi
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Date: December 1, 1998 By: Dominic S. Liberi
Title: Vice President & General Counsel
FOR IMMEDIATE RELEASE CONTACT: ROBERT CONNOR, JR.
December 1, 1998 215-537-2337 ext. 15
INDEPENDENCE ANNOUNCES REDUCTION OF WARRANT EXERCISE PRICE
PHILADELPHIA, PA., December 1, 1998 - Independence Brewing Company (NASDAQ
SmallCap IBCO) today announced that the Company has determined to reduce the
exercise price of its 4,600,000 Redeemable Warrants (Symbol "IBCOW") from $6.00
per share to $1.50 per share effective December 12, 1998. Holders of Redeemable
Warrants are entitled to purchase one share of the Company's common stock for
each warrant held. The closing bid price for the Company's common stock on
Monday, November 30, 1998 was $.5625.
