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On May 24, 2021, Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) announced a virtual shareholder meeting scheduled for May 28, 2021, to approve its merger with Vintage Wine Estates (VWE) and to domesticate to Nevada. VWE, which recently acquired Kunde Enterprises, expects a Pro Forma Adjusted EBITDA of $46 million and net revenue of $220 million for FY21. The BCAC Board emphasizes significant industry potential, management strength, and attractive valuation at 11.9x EV/Adjusted EBITDA for FY22. Shareholder redemption rights are available until June 4, 2021.
Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) reported its financial results for the interim period ending March 31, 2021. The unaudited interim financial statements have been filed on SEDAR and can be accessed by shareholders and interested parties. BCAC aims to carry out a qualifying acquisition within a specified timeframe, reflecting its strategic purpose as a special purpose acquisition corporation.
Bespoke Capital Acquisition Corp. announced the SEC's approval of its S-4 registration statement, paving the way for its business combination with Vintage Wine Estates. This combination is set to close around June 7, 2021, with trading in the combined entity expected to begin on the NASDAQ and TSX by June 8, 2021. Shareholders approved an extension for completing the acquisition until July 31, 2021, with around $330.8 million available to fund growth and expenses. A special meeting has been adjourned to May 28, 2021, to finalize voting details.
Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) announced a shareholder meeting on May 6, 2021, to vote on an extension of its investment timeline to July 30, 2021, as it completes the SEC review of its registration statement related to the business combination with Vintage Wine Estates (VWE). The vote on the acquisition and jurisdiction change to Nevada will be adjourned until the registration statement is effective. Shareholders can redeem their shares until May 3, 2021, and will have a second redemption right after the final prospectus filing.
Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) announces a shareholder meeting on May 6, 2021, urging shareholders of record on March 31, 2021, to vote FOR three resolutions. These include extending the investment timeline to July 30, 2021, approving the business combination with Vintage Wine Estates (VWE), and redomestication to Nevada. Notably, a $100 million private placement at $10.00 per share was recently announced. Shareholders have specific redemption rights, allowing opportunities to revocation until May 3, 2021, and again post-final prospectus filing.
Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) will hold a shareholder meeting on May 6, 2021, to approve its business combination with Vintage Wine Estates (VWE). Recently, Wasatch Global Investors committed to a $100 million investment at $10 per share, bolstering the merger's financial position. Key resolutions include extending the investment timeline, approving the merger, and redomesticating to Nevada. Shareholder votes are crucial; failure to approve may jeopardize the merger and could lead to share value loss.
Bespoke Capital Acquisition Corp. announces an increase in investment from Wasatch Global Investors to a total of $128 million. This includes a new $100 million investment at the IPO price of $10 per share in the upcoming business combination with Vintage Wine Estates (VWE). This funding aims to bolster VWE’s acquisition strategy, which has seen the company successfully acquire 20 wineries over the past decade. The transaction is anticipated to close soon, with shareholder voting set for May 6, 2021.
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.
