Mighty Craft is streamlining its finances by buying out a royalty through an agreement with PURE Asset Management, facilitating a stake sale in Better Beer Holdings.

The move aims to reduce debt, with Mighty Craft selling 7.5% of its Better Beer shares to PURE for $6.1 million, expected to be completed by June 12.

The termination of the royalty deed releases both parties from further obligations. The transaction aligns with a planned merger between Mighty Craft and Better Beer.