Over the course of a year, the Scottish brewery has through Equity for Punks converted nearly 30,000 beer fans to its craft beer, which has increased the number of shareholders up to 42,000.

James Watt, co-founder of BrewDog, said: “It was a risk creating a whole new business model back in 2009, but we’re all about taking risks to make sure we’re doing things our way. It’s paid off, and we’re psyched with the results of Equity for Punks.”

BrewDog has raised more than £26m over four rounds since 2009, and is using the money raised to fund an expansion in the US, an extension to the Ellon brewery, new bar openings and a spirits distillery, Lone Wolf.

In 2015, BrewDog saw sales in the UK surge by 131%, making it the number one craft brewery in the UK.