Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) has filed a registration statement with the SEC regarding its proposed business combination with Vintage Wine Estates (VWE). This follows the definitive agreement announced on February 4, 2021. Post-transaction, the combined entity will rename itself Vintage Wine Estates, Inc., retaining its Nasdaq ticker as VWE. Bespoke is a $360 million SPAC led by former Diageo CEO Paul Walsh. VWE is a leading U.S. wine producer with a robust direct-to-consumer platform and more than 50 brands.
Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) has announced its participation in several investor conferences in March 2021. The events will include fireside chats on March 9 and March 10, followed by one-on-one meetings on March 11. Additionally, a definitive agreement for a business combination with Vintage Wine Estates was announced on February 4, 2021. Once finalized, the combined entity will trade under the ticker symbol 'VWE' on Nasdaq. Vintage Wine Estates is recognized as a top U.S. wine producer known for its diverse and quality wine offerings.
Bespoke Capital Acquisition Corp. announced that its Class A Restricted Voting shares will begin trading on Nasdaq under the symbol BSPE on February 8, 2021. This follows a definitive agreement for a business combination with Vintage Wine Estates, a rapidly growing wine producer. Upon completion, the combined entity will be named Vintage Wine Estates, Inc. and will trade on Nasdaq under the ticker VWE. Currently, Vintage Wine Estates ranks among the top 15 U.S. wine producers, selling over 2 million nine-liter cases annually.
Bespoke Capital Acquisition Corp. (BKCQF, BKCQ.F) announced a merger with Vintage Wine Estates (VWE), projected to create a combined entity valued at approximately US$690 million. VWE has seen over 20% compound annual growth in revenue and EBITDA since 2010. The merger, approved by both boards, does not require minimum cash and is expected to close by May 15, 2021. Key management will remain, with Paul Walsh as non-executive Chairman. Wasatch Global Investors has also acquired a US$28 million stake in VWE. A conference call will be held on February 4, 2021, for further discussion.