Fresh Vine Wine, Inc. Announces Letter of Intent for Business Combination
Fresh Vine Wine, Inc. (NYSE American: VINE) has announced a letter of intent (LOI) for a potential business combination with Adifex Holdings, and its to-be-acquired subsidiary, Amaze Software, Inc. The non-binding LOI outlines preliminary terms for Fresh Vine to acquire 100% of Adifex's membership interests through a share exchange, merger, or other business combination structure. Key points include:
1. Fresh Vine's board will be replaced by Adifex nominees upon closing.
2. The transaction is subject to due diligence, definitive agreement negotiation, and shareholder approval.
3. Fresh Vine intends to remain in the wine business while leveraging Amaze's platform for growth.
4. Amaze software targets a $3 trillion global market, offering content creators and brands control over identity, pricing, and customer experience.
The announcement emphasizes that no assurances can be made regarding the successful negotiation or consummation of the proposed transaction.
Fresh Vine Wine, Inc. (NYSE American: VINE) ha annunciato una lettera di intenti (LOI) per una potenziale combinazione aziendale con Adifex Holdings e la sua controllata, Amaze Software, Inc. La LOI non vincolante delinea i termini preliminari per l'acquisizione da parte di Fresh Vine del 100% degli interessi di adesione di Adifex attraverso uno scambio azionario, una fusione o un'altra struttura di combinazione aziendale. Punti chiave includono:
1. Il consiglio di amministrazione di Fresh Vine sarà sostituito dai candidati di Adifex al momento della chiusura.
2. La transazione è soggetta a due diligence, negoziazione di un accordo definitivo e approvazione degli azionisti.
3. Fresh Vine intende rimanere nel settore vinicolo sfruttando la piattaforma di Amaze per la crescita.
4. Il software Amaze punta a un mercato globale da 3 trilioni di dollari, offrendo ai creatori di contenuti e ai marchi il controllo su identità, prezzi e esperienza del cliente.
L'annuncio sottolinea che non possono essere fornite garanzie riguardo al successo della negoziazione o all'implementazione della transazione proposta.
Fresh Vine Wine, Inc. (NYSE American: VINE) ha anunciado una carta de intenciones (LOI) para una posible combinación de negocios con Adifex Holdings y su filial a adquirir, Amaze Software, Inc. La LOI no vinculante describe los términos preliminares para que Fresh Vine adquiera el 100% de los intereses de membresía de Adifex a través de un intercambio de acciones, fusión u otra estructura de combinación empresarial. Puntos clave incluyen:
1. La junta de Fresh Vine será reemplazada por los nominados de Adifex al cierre.
2. La transacción está sujeta a la debida diligencia, negociación de un acuerdo definitivo y aprobación de los accionistas.
3. Fresh Vine tiene la intención de seguir en el negocio del vino mientras aprovecha la plataforma de Amaze para el crecimiento.
4. El software Amaze apunta a un mercado global de 3 billones de dólares, ofreciendo a los creadores de contenido y marcas control sobre la identidad, precios y experiencia del cliente.
El anuncio enfatiza que no se pueden hacer garantías respecto a la negociación exitosa o consumación de la transacción propuesta.
프레시 바인 와인 주식회사 (NYSE American: VINE)는 아디펙스 홀딩스와 인수될 자회사 아메이즈 소프트웨어 주식회사와의 잠재적 사업 결합을 위한 의향서 (LOI)를 발표했습니다. 비구속적인 LOI는 프레시 바인이 아디펙스의 100% 회원 지분을 주식 교환, 합병 또는 기타 사업 결합 구조를 통해 인수하는 초기 조건을 설명합니다. 주요 사항은 다음과 같습니다:
1. 프레시 바인의 이사회는 폐쇄 시 아디펙스의 후보로 대체됩니다.
2. 거래는 실사, 최종 계약 협상 및 주주 승인에 따라 달라집니다.
3. 프레시 바인은 아메이즈의 플랫폼을 활용하여 성장하면서 와인 사업에 남아있을 계획입니다.
4. 아메이즈 소프트웨어는 3조 달러 규모의 글로벌 시장을 목표로 하며, 콘텐츠 제작자와 브랜드에 대한 정체성, 가격 및 고객 경험에 대한 통제를 제공합니다.
이 발표는 제안된 거래의 성공적인 협상 또는 성사에 대한 보장을 할 수 없음을 강조합니다.
Fresh Vine Wine, Inc. (NYSE American: VINE) a annoncé une lettre d'intention (LOI) pour une éventuelle combinaison d'entreprises avec Adifex Holdings et sa filiale à acquérir, Amaze Software, Inc. La LOI non contraignante décrit les conditions préliminaires pour que Fresh Vine acquière 100 % des intérêts d'adhésion d'Adifex via un échange d'actions, une fusion ou une autre structure de combinaison d'entreprises. Les points clés incluent:
1. Le conseil d'administration de Fresh Vine sera remplacé par les candidats d'Adifex lors de la clôture.
2. La transaction est soumise à la due diligence, à la négociation d’un accord définitif et à l’approbation des actionnaires.
3. Fresh Vine entend rester dans le secteur du vin tout en tirant parti de la plateforme d'Amaze pour sa croissance.
4. Le logiciel d'Amaze vise un marché mondial de 3 trillions de dollars, offrant aux créateurs de contenu et aux marques un contrôle sur l'identité, les prix et l'expérience client.
L'annonce souligne qu'aucune garantie ne peut être donnée quant à la réussite de la négociation ou à la réalisation de la transaction proposée.
Fresh Vine Wine, Inc. (NYSE American: VINE) hat einen Absichtserklärung (LOI) für eine potenzielle Unternehmenskombination mit Adifex Holdings und ihrer zu erwerbenden Tochtergesellschaft, Amaze Software, Inc. bekannt gegeben. Die nicht bindende LOI skizziert vorläufige Bedingungen für Fresh Vine zur Übernahme von 100% der Mitgliedsanteile von Adifex durch einen Aktientaustausch, eine Fusion oder eine andere Unternehmensstruktur. Wichtige Punkte umfassen:
1. Der Vorstand von Fresh Vine wird bei Abschluss durch Adifex-Nominierte ersetzt.
2. Die Transaktion unterliegt der Due Diligence, der Verhandlung eines endgültigen Vertrags und der Genehmigung der Aktionäre.
3. Fresh Vine plant, im Weinsektor aktiv zu bleiben und gleichzeitig die Plattform von Amaze für das Wachstum zu nutzen.
4. Die Software von Amaze zielt auf einen globalen Markt von 3 Billionen US-Dollar und bietet Inhaltserstellern und Marken Kontrolle über Identität, Preisgestaltung und Kundenerfahrung.
Die Ankündigung betont, dass keine Zusicherungen hinsichtlich einer erfolgreichen Verhandlung oder Vollziehung der vorgeschlagenen Transaktion gemacht werden können.
- Potential access to Amaze software platform, targeting a $3 trillion global market
- Intention to leverage Amaze platform as a growth engine for wine business
- Possible significant value creation for shareholders through business combination
- Uncertainty of transaction completion due to pending due diligence and negotiations
- Potential dilution of existing shareholders' ownership
- Complete change in board composition, which may alter company direction
Insights
Fresh Vine Wine's announcement of a potential business combination with Adifex Holdings and Amaze Software represents a significant strategic shift. This move could dramatically alter VINE's business model and market positioning. Key points to consider:
- The deal structure involves a share exchange or merger, potentially leading to significant dilution for current VINE shareholders.
- Adifex's nominees will replace VINE's board, indicating a major change in company direction and leadership.
- The
$3 trillion global addressable market for Amaze's software presents a massive growth opportunity, far exceeding VINE's current wine market focus. - VINE intends to maintain its wine business, using Amaze as a growth engine, which could create synergies but also operational complexities.
While the potential for value creation is significant, the deal is still in early stages with many conditions to be met. Investors should closely monitor developments, as this could be a transformative event for VINE if completed.
The potential acquisition of Adifex and Amaze Software by Fresh Vine Wine represents an intriguing pivot into the tech sector. Amaze's software, which enables content creators and brands to control their identity, pricing and customer experience, aligns with current trends in digital marketing and e-commerce. Key technological considerations include:
- Amaze's platform could potentially revolutionize how brands interact with customers across various digital channels.
- The software's ability to manage brand identity and pricing in a unified way could be a significant differentiator in a crowded martech landscape.
- Integration of this technology with Fresh Vine's existing wine business could create innovative direct-to-consumer models in the beverage industry.
However, the success of this venture will heavily depend on the seamless integration of Amaze's technology and Fresh Vine's existing operations, as well as the ability to effectively monetize the platform in a competitive market.
CHARLOTTE, N.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fresh Vine Wine, Inc., (NYSE American: VINE) (“Fresh Vine”), today announced that it has entered into a letter of intent (the “LOI”) with Adifex Holdings, LLC, a Delaware limited liability company (“Adifex”), and Adifex’s to be acquired subsidiary, Amaze Software, Inc. (“Amaze”), for a potential business combination (the “Proposed Transaction”). The LOI is not a binding agreement, and it outlines the intent and preliminary terms of the Proposed Transaction.
Under the terms and conditions of the LOI, Fresh Vine and Adifex intend to enter into a definitive agreement under which Fresh Vine will acquire
The completion of the Proposed Transaction is subject to customary conditions, such as the completion of due diligence to each of Fresh Vine’s and Adifex’s satisfaction, the negotiation of a definitive agreement providing for the transaction, and approval of the transaction by the board and a majority of the shareholders of both Fresh Vine and Adifex.
Mike Pruitt, CEO and Chairman of Fresh Vine stated, “We are pleased to have entered into this LOI providing for a potential business combination with Adifex and Amaze. Their proprietary Amaze software provides content creators and brands an innovative way to control their brand identity, pricing and customer experience, while taking advantage of a
No assurances can be made by either party that the parties will successfully negotiate and enter into a definitive agreement, or that the Proposed Transaction will be consummated.
Participants in the Solicitation
Fresh Vine and its directors and executive officers may be considered participants in the solicitation of proxies with respect to the Proposed Transaction under the rules of the Securities and Exchange Commission (the “SEC”).
No Offer or Solicitation
This release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of any business combination. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
About Amaze Software, Inc.
Amaze Software, Inc. is an all-in-one, end-to-end commerce solution for any creator looking to generate sustainable monetization and depth of community connection. Its creator-powered commerce solutions include a product creation platform, advanced commerce tools, and scalable managed services that help anyone sell anything, anywhere. Amaze believes anyone can be a creator and that everyone should be empowered to tell their unique story, cultivate deeper connections with their audience, and create authentic, shoppable experiences that allow them to monetize their passion.
Amaze is on a mission to unleash potential and make it easy to create, share, and sell products and services. Build a no-code web page at www.amaze.co or launch a free store at www.springforcreators.com. For more information, please email investorrelations@amaze.co.
About Fresh Vine Wine, Inc.
Fresh Vine Wine, Inc. (NYSE American: VINE) is a producer of lower carb, lower calorie premium wines in the United States. Fresh Vine positions its core brand lineup as an affordable luxury, retailing between
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified using words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including statements regarding the timing or nature of future operating or financial performance or other events. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Among these risks and uncertainties are those set forth in Fresh Vine’s annual report on Form 10-K for the year ended December 31, 2023, and subsequently filed documents with the SEC. In addition to such risks and uncertainties, risks and uncertainties related to forward-looking statements contained in this press release include statements relating to Fresh Vine’s business and the pursuit of Fresh Vine’s strategic options, including seeking to identify a business combination or other strategic opportunity. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including without limitation: (i) uncertainties relating to Fresh Vine’s ability to identify a suitable combination or strategic partner within an appropriate timeline or at all, (ii) risks related to Fresh Vine’s continued listing on the NYSE American; (iii) the effect of the announcement of the proposed merger on Fresh Vine’s business relationships, operating results, business generally and reputation; (iv) the sufficiency of Fresh Vine’s cash and working capital to support continuing operations and efforts to pursue another strategic transaction; (v) uncertainties regarding other events and unanticipated spending and costs that could reduce Fresh Vine’s cash resources; (vi) Fresh Vine’s ability to obtain additional financing when and if needed to do so, and the dilutive impact of any such financing; and (vii) the existence and outcome of any legal proceedings that may be instituted against Fresh Vine or its directors or officers related to the proposed merger. A further description of the risks and uncertainties relating to the business of Fresh Vine is contained in Fresh Vine’s most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, as well as any amendments thereto reflected in subsequent filings with the SEC. Fresh Vine cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Fresh Vine’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and Fresh Vine undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or changes in its expectations.
FAQ
What is the proposed business combination for Fresh Vine Wine (VINE)?
How will the proposed transaction affect Fresh Vine Wine's (VINE) board of directors?
Will Fresh Vine Wine (VINE) continue its wine business after the proposed merger?
What is the market potential of the Amaze software platform that Fresh Vine Wine (VINE) aims to acquire?
