georgie18
2 months ago
VINE...$1.04...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 100% of the issued and outstanding membership interests of Adifex, via a share exchange transaction, merger transaction or other business combination structure. At the closing of the Proposed Transaction, the board of directors of Fresh Vine will be replaced by nominees of Adifex.
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 $3 trillion global total addressable market. Importantly, we intend to remain in the wine business, taking advantage of the Amaze platform as a growth engine. We believe the combination would have the potential to yield significant value for our shareholders.”
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.
georgie18
3 months ago
VINE...94...in the P/M...Off the .28 Alert...🥳
VINE...897...Upper Bollie Break...🥳...Those 28s looking even better here...
georgie18
Member Level
Re: georgie18 post# 659355
Thursday, September 26, 2024 10:16:41 AM
Post#
659421
of 659788
VINE...82/83 will churn and we see $1 Break...imo...we shall see...🥳
georgie18
Member Level
Re: georgie18 post# 383849
Wednesday, September 25, 2024 5:00:35 PM
Post#
383853
of 383862
VINE..87s clearing on nice volume...$1Break coming...Perhaps the shell is getting filled...🥳
georgie18
Member Level
Re: georgie18 post# 659133
Wednesday, September 25, 2024 4:30:20 PM
Post#
659350
of 659354
VINE...82s clearing in the A/H...Those .28s looking even better now...🥳
VINE...669...Off the .28 alert...🥳
georgie18
Member Level
Re: georgie18 post# 656576
Thursday, September 12, 2024 10:56:14 AM
Post#
657299
of 659132
VINE...56s clearing here...🥳...off mt .28 range alert...200MA at .64...
georgie18
Member Level
Re: georgie18 post# 652212
Friday, September 06, 2024 10:13:36 AM
Post#
656576
of 657297
VINE...44...Gap Filled...Trying for upper bollie break...🥳Off the .28 range alert...
georgie18
Member Level
Re: georgie18 post# 652170
Friday, August 02, 2024 11:52:16 AM
Post#
652212
of 656574
VINE...Holding .28 nicely today...🥳...Should fill that open gap to .45 range once the market turns Green...
georgie18
3 months ago
VINE...897...Upper Bollie Break...🥳...Those 28s looking even better here...
georgie18
Member Level
Re: georgie18 post# 659355
Thursday, September 26, 2024 10:16:41 AM
Post#
659421
of 659788
VINE...82/83 will churn and we see $1 Break...imo...we shall see...🥳
georgie18
Member Level
Re: georgie18 post# 383849
Wednesday, September 25, 2024 5:00:35 PM
Post#
383853
of 383862
VINE..87s clearing on nice volume...$1Break coming...Perhaps the shell is getting filled...🥳
georgie18
Member Level
Re: georgie18 post# 659133
Wednesday, September 25, 2024 4:30:20 PM
Post#
659350
of 659354
VINE...82s clearing in the A/H...Those .28s looking even better now...🥳
VINE...669...Off the .28 alert...🥳
georgie18
Member Level
Re: georgie18 post# 656576
Thursday, September 12, 2024 10:56:14 AM
Post#
657299
of 659132
VINE...56s clearing here...🥳...off mt .28 range alert...200MA at .64...
georgie18
Member Level
Re: georgie18 post# 652212
Friday, September 06, 2024 10:13:36 AM
Post#
656576
of 657297
VINE...44...Gap Filled...Trying for upper bollie break...🥳Off the .28 range alert...
georgie18
Member Level
Re: georgie18 post# 652170
Friday, August 02, 2024 11:52:16 AM
Post#
652212
of 656574
VINE...Holding .28 nicely today...🥳...Should fill that open gap to .45 range once the market turns Green...
georgie18
3 months ago
VINE...82/83 will churn and we see $1 Break...imo...we shall see...🥳
georgie18
Member Level
Re: georgie18 post# 383849
Wednesday, September 25, 2024 5:00:35 PM
Post#
383853
of 383862
VINE..87s clearing on nice volume...$1Break coming...Perhaps the shell is getting filled...🥳
georgie18
Member Level
Re: georgie18 post# 659133
Wednesday, September 25, 2024 4:30:20 PM
Post#
659350
of 659354
VINE...82s clearing in the A/H...Those .28s looking even better now...🥳
VINE...669...Off the .28 alert...🥳
georgie18
Member Level
Re: georgie18 post# 656576
Thursday, September 12, 2024 10:56:14 AM
Post#
657299
of 659132
VINE...56s clearing here...🥳...off mt .28 range alert...200MA at .64...
georgie18
Member Level
Re: georgie18 post# 652212
Friday, September 06, 2024 10:13:36 AM
Post#
656576
of 657297
VINE...44...Gap Filled...Trying for upper bollie break...🥳Off the .28 range alert...
georgie18
Member Level
Re: georgie18 post# 652170
Friday, August 02, 2024 11:52:16 AM
Post#
652212
of 656574
VINE...Holding .28 nicely today...🥳...Should fill that open gap to .45 range once the market turns Green...
georgie18
3 months ago
VINE..87s clearing on nice volume...$1Break coming...Perhaps the shell is getting filled...🥳
georgie18
Member Level
Re: georgie18 post# 659133
Wednesday, September 25, 2024 4:30:20 PM
Post#
659350
of 659354
VINE...82s clearing in the A/H...Those .28s looking even better now...🥳
VINE...669...Off the .28 alert...🥳
georgie18
Member Level
Re: georgie18 post# 656576
Thursday, September 12, 2024 10:56:14 AM
Post#
657299
of 659132
VINE...56s clearing here...🥳...off mt .28 range alert...200MA at .64...
georgie18
Member Level
Re: georgie18 post# 652212
Friday, September 06, 2024 10:13:36 AM
Post#
656576
of 657297
VINE...44...Gap Filled...Trying for upper bollie break...🥳Off the .28 range alert...
georgie18
Member Level
Re: georgie18 post# 652170
Friday, August 02, 2024 11:52:16 AM
Post#
652212
of 656574
VINE...Holding .28 nicely today...🥳...Should fill that open gap to .45 range once the market turns Green...
georgie18
3 months ago
VINE...669...Off the .28 alert...🥳
georgie18
Member Level
Re: georgie18 post# 656576
Thursday, September 12, 2024 10:56:14 AM
Post#
657299
of 659132
VINE...56s clearing here...🥳...off mt .28 range alert...200MA at .64...
georgie18
Member Level
Re: georgie18 post# 652212
Friday, September 06, 2024 10:13:36 AM
Post#
656576
of 657297
VINE...44...Gap Filled...Trying for upper bollie break...🥳Off the .28 range alert...
georgie18
Member Level
Re: georgie18 post# 652170
Friday, August 02, 2024 11:52:16 AM
Post#
652212
of 656574
VINE...Holding .28 nicely today...🥳...Should fill that open gap to .45 range once the market turns Green...
Sirpeter
11 months ago
Hear hear hear all about it...got BIG acquisition news today
Fresh Vine Wine Inc. (NYSE American: VINE) (“Fresh Vine”) today announced it has executed a definitive merger agreement (the “Merger Agreement”) to combine with Notes Live, Inc. (“Notes Live”), the Colorado-based live entertainment and hospitality company, that currently operates entertainment campuses in both the Colorado Springs, Colorado, and Atlanta, Georgia metropolitan areas. Notes Live is also in the process of developing its crown-jewel, the Sunset Amphitheater collection, a set of luxury outdoor amphitheaters designed to set a new standard in entertainment. The flagship Sunset amphitheater location in Colorado Springs is in development and scheduled to open in August of 2024. Additional amphitheaters have also been announced by Notes Live in Oklahoma City and Broken Arrow, Oklahoma, and it has plans to expand into the North Texas market. The transaction contemplated by the Merger Agreement (“Transaction”) is anticipated to close in June 2024, subject to approval by Fresh Vine’s stockholders, and the satisfaction of various additional closing conditions.
The Transaction will be an all-stock transaction. Specifically, at the closing of the Transaction, Fresh Vine will issue shares of its common stock to Notes Live shareholders pursuant to a formula intended to allocate existing Fresh Vine stockholders and Notes Live shareholders a percentage of the combined company. The respective percentages will be based on agreed upon relative valuations in which Notes Live is being valued at $350 million, plus the amount of gross proceeds raised by Notes Live in its current equity offering of up to $50 million, and Fresh Vine is being valued at $18.0 million. The percentage of the combined company that Fresh Vine stockholders will own upon the closing of the merger is subject to adjustment based on the amount of Fresh Vine’s net cash at the time of closing.
Founder Chairman and CEO of Notes Live, JW Roth, will assume the role of Chairman & CEO of the public company at closing. The Merger Agreement contemplates that Fresh Vine will change its name to Notes Live Holdings, Inc., and its NYSE American ticker symbol to “VENU” upon closing.
“On behalf of our team here at Notes Live, we want to thank Mike Pruitt and his team at Fresh Vine for their trust in our vision to build a one-of-a-kind live entertainment and hospitality company. Mike and his team join a chorus of world class partners in the Notes Live family,” said JW Roth, Founder, Chairman and CEO of Notes Live.
“The team at Fresh Vine Wine couldn’t be more excited about the opportunity to partner with Notes Live on what we expect will be an incredible journey to become one of the leading live entertainment companies in the world. The Notes Live business plan combines a unique financing strategy that includes public participation that results in a significant economic boost to communities where Notes Live venues will operate. Community leaders from across the US are teaming up with Notes Live to provide the necessary public contributions for infrastructure, because they see the positive impact that a Notes Live entertainment campus will bring to their communities. It’s a win-win public private partnership and we believe that JW Roth and his team have the perfect experience and execution skills to deliver an incredible product for the communities in which they will operate,” said Mike Pruitt, Chairman and CEO of Fresh Vine.
The Merger Agreement sets forth certain conditions precedent to any closing of the Transaction, including among other things, the approval of Fresh Vine’s and Notes Live’s shareholders, the receipt of regulatory approvals that may be required, including approval by the NYSE American for the continued listing of the combined company’s common stock after closing, Fresh Vine satisfying minimum net cash requirements and having no liabilities on its balance sheet or unpaid or unsatisfied obligations that will require a cash expenditure by Fresh Vine after the Effective Time, Fresh Vine completing a sale, license, transfer, disposition, or divestiture, or winding down of Fresh Vine’s current wine production business in a manner reasonably acceptable to Notes Live, the absence of dissenting Notes Live shareholders and the entry by Notes Live into lock-up and leak-out arrangements with its shareholders to its satisfaction. There can be no assurance that the proposed Transaction will be completed as currently contemplated on anticipated timelines, or at all. Additional information about the transaction will be provided in a Current Report on Form 8-K that will be filed by Fresh Vine with the Securities and Exchange Commission (SEC) and will be available at www.sec.gov.
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