California Tequila, Inc.

California corporation incorporated April 27, 2020 (EIN 85-1049284), converted from the limited liability company founder Richard Gamarra had run under the AsomBroso name since 2002; Andrew Ulmer joined the predecessor in 2006. Raised $1,067,653 from retail investors in a 2020 Regulation Crowdfunding round (Form C-U, October 2020), qualified a Tier 2 Regulation A offering of Class B Non-Voting Common Stock on August 9, 2021, then on February 24, 2022 terminated that offering and halted all fundraising for a 90-day exclusivity period under a term sheet with an unnamed third party (Form 1-U). A second Regulation Crowdfunding round in 2022 reported $213,199 sold (Form C-U, November 2022); a May 2024 Form D reported $2,200,000 sold to one investor. Annual reports: revenue $2,574,189 and net loss $4,323,230 (2021); $3,907,010 and $3,245,900 (2022); $2,334,611 and $2,371,358 (2023); $1,522,640 and $3,430,052 (2024); $1,569,063 and $2,037,505 (2025, per the Form 1-K filed May 27, 2026, which attributes the 2025 loss chiefly to stock-based compensation and a one-time cost-of-goods increase from a California relaunch). A Form 1-U of March 24, 2026 disclosed that co-CEO Richard Gamarra had a medical event in early March 2026 and that President Andrew Ulmer, co-CEO since the first quarter of 2025, assumed full executive leadership. On September 18, 2026 (Form 1-U filed September 22), K Spirits, LLC acquired 7,247,301 shares from Gamarra and the Richard D. Gamarra Living Trust in a secondary transaction, giving it approximately 54.8% of all shares and 57.8% of Class A Voting Common Stock; Ulmer remains Chairman, CEO and President; Doris Esho and Saad Shamoun joined the board as directors and Vice Presidents; authorized shares were raised to 100,000,000 Class A and 15,000,000 Class B; K Spirits stated an intent to make further, undetermined investments including in the company's Crown and Diamond product campaign. Continuing Regulation A reporter (Forms 1-K and 1-SA on file through September 2025 and May 2026).

Standalone consumer-brand issuer (no platform): the AsomBroso ultra-premium tequila and Knucklenoggin flavored whiskey brands, Rancho Santa Margarita, California.