Fresh Vine Wine Inc. Regains NYSE American Compliance Following Successful Acquisition
Fresh Vine Wine (NYSE American:VINE) has successfully regained compliance with NYSE American listing requirements following its acquisition of Amaze Software. The company now reports preliminary stockholders' equity of approximately $80 million, well above the $4 million compliance threshold.
The strategic acquisition contributed $98 million in goodwill and intangibles and resulted in a $78 million increase in additional paid-in capital. The transaction included the elimination of a $4.473 million note receivable and adjustment of warrant valuations to approximately $3.6 million.
The merger with Amaze's digital commerce platform positions Fresh Vine for expansion into e-commerce markets, promising operational efficiencies, expanded market reach, and stronger revenue potential through new distribution channels.
Fresh Vine Wine (NYSE American:VINE) ha ripristinato con successo la conformità ai requisiti di quotazione della NYSE American a seguito dell'acquisizione di Amaze Software. L'azienda riporta ora un patrimonio netto preliminare degli azionisti di circa 80 milioni di dollari, ben al di sopra della soglia di conformità di 4 milioni di dollari.
L'acquisizione strategica ha contribuito con 98 milioni di dollari in avviamento e beni intangibili e ha portato a un incremento di 78 milioni di dollari nel capitale versato aggiuntivo. La transazione ha comportato l'eliminazione di un credito di 4,473 milioni di dollari e l'aggiustamento delle valutazioni delle opzioni a circa 3,6 milioni di dollari.
La fusione con la piattaforma di commercio digitale di Amaze posiziona Fresh Vine per un'espansione nei mercati dell'e-commerce, promettendo efficienze operative, una maggiore portata di mercato e un potenziale di ricavi più forte attraverso nuovi canali di distribuzione.
Fresh Vine Wine (NYSE American:VINE) ha recuperado con éxito el cumplimiento de los requisitos de cotización de NYSE American tras la adquisición de Amaze Software. La compañía ahora informa un patrimonio neto preliminar de aproximadamente 80 millones de dólares, muy por encima del umbral de cumplimiento de 4 millones de dólares.
La adquisición estratégica contribuyó con 98 millones de dólares en plusvalía e intangibles y resultó en un incremento de 78 millones de dólares en capital adicional pagado. La transacción incluyó la eliminación de una nota por cobrar de 4,473 millones de dólares y el ajuste de las valoraciones de las opciones a aproximadamente 3,6 millones de dólares.
La fusión con la plataforma de comercio digital de Amaze posiciona a Fresh Vine para la expansión en mercados de comercio electrónico, prometiendo eficiencias operativas, una mayor cobertura de mercado y un potencial de ingresos más fuerte a través de nuevos canales de distribución.
프레쉬 바인 와인 (NYSE American:VINE)은 아메이즈 소프트웨어 인수 후 NYSE American 상장 요건을 성공적으로 회복했습니다. 회사는 현재 약 8천만 달러의 초기 주주 자본을 보고하고 있으며, 이는 400만 달러의 준수 기준을 훨씬 초과합니다.
전략적 인수는 9천8백만 달러의 영업권 및 무형 자산에 기여했으며, 추가로 납입된 자본이 7천8백만 달러 증가하는 결과를 가져왔습니다. 이 거래에는 447만 3천 달러의 외상 매출금 제거와 약 360만 달러로의 워런트 평가 조정이 포함되었습니다.
아메이즈의 디지털 상거래 플랫폼과의 합병은 프레쉬 바인이 전자 상거래 시장으로 확장할 수 있는 기반을 마련하며, 운영 효율성, 시장 범위 확대 및 새로운 유통 채널을 통한 강력한 수익 잠재력을 약속합니다.
Fresh Vine Wine (NYSE American:VINE) a réussi à rétablir sa conformité avec les exigences de cotation de la NYSE American suite à son acquisition d'Amaze Software. L'entreprise annonce désormais un capital social préliminaire d'environ 80 millions de dollars, bien au-dessus du seuil de conformité de 4 millions de dollars.
L'acquisition stratégique a contribué à 98 millions de dollars en goodwill et actifs incorporels et a entraîné une augmentation de 78 millions de dollars du capital supplémentaire versé. La transaction a inclus l'élimination d'une créance de 4,473 millions de dollars et l'ajustement des évaluations des bons de souscription à environ 3,6 millions de dollars.
La fusion avec la plateforme de commerce numérique d'Amaze positionne Fresh Vine pour une expansion sur les marchés du commerce électronique, promettant des gains d'efficacité opérationnelle, une portée de marché élargie et un potentiel de revenus plus fort grâce à de nouveaux canaux de distribution.
Fresh Vine Wine (NYSE American:VINE) hat erfolgreich die Einhaltung der Listing-Anforderungen der NYSE American wiederhergestellt, nachdem es Amaze Software übernommen hat. Das Unternehmen berichtet nun von einem vorläufigen Eigenkapital der Aktionäre von etwa 80 Millionen Dollar, was weit über der Compliance-Schwelle von 4 Millionen Dollar liegt.
Die strategische Übernahme trug mit 98 Millionen Dollar an Goodwill und immateriellen Vermögenswerten bei und führte zu einem Anstieg des zusätzlich einbezahlten Kapitals um 78 Millionen Dollar. Die Transaktion beinhaltete die Eliminierung einer Forderung über 4,473 Millionen Dollar und die Anpassung der Bewertungen von Optionen auf etwa 3,6 Millionen Dollar.
Die Fusion mit der digitalen Handelsplattform von Amaze positioniert Fresh Vine für eine Expansion in E-Commerce-Märkte und verspricht betriebliche Effizienz, eine erweiterte Marktpräsenz und ein stärkeres Umsatzpotenzial durch neue Vertriebskanäle.
- Stockholders' equity increased to $80 million, surpassing NYSE compliance requirement
- Strategic acquisition added $98 million in goodwill and intangibles
- Additional paid-in capital increased by $78 million
- Regained NYSE American listing compliance
- Cost savings expected through operational efficiencies
- Risk of future non-compliance with NYSE American listing requirements
- Large goodwill and intangibles ($98M) could be subject to future impairment
- Significant dilution from acquisition-related share issuance
Insights
Fresh Vine Wine's regaining of NYSE American compliance represents a critical financial turnaround that has dramatically improved its market position. The company has increased its stockholders' equity to approximately
The financial restructuring includes several key components:
This financial restructuring effectively removes the immediate existential threat of delisting, which would have severely restricted access to capital markets and dramatically reduced shareholder value. The transaction strengthens VINE's balance sheet and creates a foundation for potential growth in digital commerce markets.
For a microcap company with a market cap of approximately
Fresh Vine Wine's acquisition of Amaze Software represents a significant strategic pivot aimed at solving immediate NYSE compliance issues while simultaneously attempting a business model evolution. The integration of Amaze's digital commerce platform signals a shift from the company's traditional wine-focused business toward a technology-enhanced operation.
The most compelling strategic element is how Fresh Vine has used this acquisition to solve its NYSE American compliance challenge, essentially leveraging M&A as a regulatory compliance tool rather than just for business expansion. This transaction adds approximately
The strategic rationale outlined includes three core benefits: cost efficiencies through back-office consolidation, expanded digital market reach, and new distribution channels. However, the execution of this strategy will face significant challenges integrating wine production/distribution with digital commerce technology.
This transaction reflects a decisive attempt to transform a potentially struggling wine business through technology integration. By highlighting "digital and e-commerce-driven markets" as growth areas, management appears to be positioning the combined entity as a tech-enhanced consumer goods company rather than a traditional wine producer.
The strategic success of this transformation will ultimately depend on how effectively Fresh Vine can leverage Amaze's technology to enhance its core business while maintaining NYSE compliance.
CHARLOTTE, NC AND NEWPORT BEACH, CA / ACCESS Newswire / March 11, 2025 / Fresh Vine Wine, Inc. (NYSE American:VINE) ("Fresh Vine" or the "Company") is pleased to announce that it has regained compliance with the NYSE American continued listing requirements for stockholders' equity. This milestone follows the completion of its acquisition of Amaze Software, Inc. ("Amaze"), marking a significant step toward a stronger, more dynamic future for the Company and its stockholders.
After giving effect to the transaction, Fresh Vine reports, on March 6, 2025, preliminary stockholders' equity of approximately
Key Transactions Driving Fresh Vine's Compliance:
Strategic Acquisition of Amaze: The business combination contributed approximately
$98 million in goodwill and intangibles, which is expected to enhance Fresh Vine's position for future growth.Additional Paid-in Capital Increase: The transaction resulted in an increase of approximately
$78 million in additional paid-in capital, reflecting new capital contributions and adjustments post-merger.Elimination of Intra-Company Balances: A
$4.47 3 million note receivable was eliminated as part of the consolidation.Fair Value Reassessments: The fair value of warrants and other liabilities were reviewed and adjusted, resulting in an approximately
$3.6 million preliminary warrant valuation.This achievement not only strengthens the Company's financial foundation, but also reinforces its commitment to delivering value for both stockholders and customers as it continues its journey of innovation and growth.
Financial Strength and Future Growth Trajectory: With its enhanced capital structure and the strategic integration of Amaze's digital commerce platform, Fresh Vine is now in a stronger position to scale operations, drive sustainable revenue growth, and deliver long-term value for stockholders. This transaction is more than a compliance milestone-it represents a key step to accelerate the Company's expansion into digital and e-commerce-driven markets. Primary advantages include:
Cost savings through operational efficiencies and back-office consolidation.
Expanded market reach via digital and e-commerce growth powered by Amaze's technology platform.
Stronger revenue potential through new distribution channels and product innovation.
"Regaining NYSE compliance marks a turning point for Fresh Vine as we look ahead to the next phase of our growth," said Michael Pruitt, Chief Executive Officer. "With approximately
If at any time in the future Fresh Vine falls out of compliance with the stockholders' equity requirements to meet NYSE American continued listing rules, Fresh Vine would be subject to immediate reevaluation by NYSE American.
About Fresh Vine Wine, Inc.
Fresh Vine is a producer of lower-carb, lower-calorie premium wines in the United States. Fresh Vine Wine positions its core brand lineup as an affordable luxury, retailing between
About Amaze Software, Inc.
Amaze Software, Inc. is an end-to-end, creator-powered commerce platform offering tools for seamless product creation, advanced e-commerce solutions, and scalable managed services. By empowering anyone to "sell anything, anywhere," Amaze enables creators to tell their stories, cultivate deeper audience connections, and generate sustainable income through shoppable, authentic experiences.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Such statements relate to future plans, developments, performance or financial condition. These forward-looking statements are not historical facts, but rather are based on current plans, expectations, and estimates of management of Fresh Vine and Amaze. Forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future of the combined companies and the expected benefits of the acquisition. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking.
Forward-looking statements are subject to a number of risks and uncertainties (some of which are beyond our control) that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (i) the potential effect of the announcement of the acquisition on Amaze's or Fresh Vine's business relationships, performance and business generally, including potential difficulties in employee retention; (ii) the outcome of any legal proceedings related to the merger agreement or the acquisition (iii) the risk that Fresh Vine will be unable to maintain the listing of Fresh Vine's securities on NYSE American; (iv) the risk that the price of Fresh Vine's securities may be volatile due to a variety of factors, including changes in the competitive industries in which Fresh Vine or Amaze operates, variations in performance across competitors, changes in laws and regulations affecting Fresh Vine's or Amaze's business and changes in the capital structure; (v) the risk that the anticipated benefits of the acquisition or other commercial opportunities may otherwise not be fully realized or may take longer to realize than expected; (vi) the impact of changes in applicable law, rules, regulations, regulatory guidance, or social conditions in the countries in which customers and suppliers operate; (vii) the risk that integration of Amaze and Vine post-closing may not occur as anticipated or the combined company may not be able to achieve the growth prospects and synergies expected from the transaction, as well as the risk of potential delays, challenges and expenses associated with integrating the combined company's existing businesses; (viii) the risk that Fresh Vine and/or Amaze may not achieve or sustain profitability; (ix) the risk that Fresh Vine and/or Amaze will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; and (x) the risk that Fresh Vine and/or Amaze experiences difficulties in managing its growth and expanding operations. Additional factors that may affect the future results of Fresh Vine are set forth in its filings with the United States Securities and Exchange Commission (the "SEC"), which are available on the SEC's website at www.sec.gov. The risks and uncertainties described above and in the SEC filings noted above are not exclusive and further information concerning Fresh Vine and its business, including factors that potentially could materially affect its business, financial conditions or operating results, may emerge from time to time. Readers are urged to consider these factors carefully in evaluating these forward-looking statements, and not to place undue reliance on any forward-looking statements. Readers should also carefully review the risk factors described in other documents that Fresh Vine files from time to time with the SEC. The forward-looking statements in this release speak only as of the date of this release. Except as required by law, Fresh Vine assumes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future.
For more information, visit amaze.co
For press inquiries, please contact investorrelations@freshvinewine.com.
SOURCE: Fresh Vine Wine
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FAQ
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