Fresh Vine Wine, Inc. Announces Exploration of Strategic Opportunities to Maximize Shareholder Value
24 8월 2023 - 9:30PM
Fresh Vine Wine Inc. (NYSE American: VINE) today announced that its
board of directors has initiated an exploration of strategic
opportunities by way of merger, acquisition, or any accretive
strategic transaction to enhance shareholder value.
“We believe it’s in the best interest of our shareholders to
investigate a range of strategic alternatives. As we navigate this
process, we will do our best to keep shareholders apprised to the
best of our ability,” said Mike Pruitt, Interim Chief
Executive Officer.
There can be no assurance that this process will result in the
company pursuing a particular transaction or other strategic
outcome. Fresh Vine Wine has not set a timetable for
completion of this process.
Fresh Vine Wine has engaged its Investment Banker Oak Ridge
Financial to lead the process of sourcing and vetting
opportunities, Oakridge Financial is currently acting as the
exclusive banker for this transaction and all inquiries should be
directed to Oakridge Financial.
As of August 14, 2023, the Company had 15,976,227 shares of
common stock outstanding and no secured debt.
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 Wine's brand vision is to lead the emerging natural and
accessible premium wine category, as health trends continue to
accelerate in the US marketplace. Fresh Vine Wine positions its
core brand lineup as an affordable luxury, retailing between
$14.99-$24.99 per bottle. Fresh Vine Wine's varietals currently
include its Cabernet Sauvignon, Chardonnay, Pinot Noir, Rosé,
Sauvignon Blanc, Sparkling Rosé, and a limited Reserve Napa
Cabernet Sauvignon. All varietals are produced and bottled in Napa,
California.
About Oak Ridge Financial
Oak Ridge is an independent, full-service financial services
firm providing Private Client and Investment Banking Services
to individual, institutional and corporate customers. Our
experienced professionals take time to understand what you
want to accomplish and work hard to help you reach your goals.
Contact: info@freshvinewine.com
Note on 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 by the use of 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. Each forward-looking
statement contained in this press release is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statement. Applicable risks
and uncertainties include, among others, our ability to comply with
the NYSE American continued listing standards; the Company's
ability to obtain additional financing when and if needed; its
ability to achieve positive cash flow from operations on
anticipated timeframes or at all; the Company's ability to hire
additional personnel and to manage its business; the Company's
reliance on its brand name, reputation and product quality; the
Company's ability to adequately address increased demands that may
be placed on its management, operational and production
capabilities; the effectiveness of the Company's advertising and
promotional activities and investments; the Company's reliance on
celebrities to endorse its wines and market its brand; general
competitive conditions; fluctuations in consumer demand for wine;
overall decline in the health of the economy and consumer
discretionary spending; the occurrence of adverse weather events,
natural disasters, public health emergencies, or other unforeseen
circumstances that may cause delays to or interruptions in the
Company's operations; risks associated with disruptions in the
Company's supply chain for grapes and raw and processed materials;
the impact of COVID-19 and its variants on the Company's customers,
suppliers, business operations and financial results; disrupted or
delayed service by the distributors the Company relies on for the
distribution of its wines; the Company's ability to successfully
execute its business strategy; the Company's success in retaining
or recruiting, or changes required in, its officers, key employees
or directors; the Company's ability to protect its trademarks and
other intellectual property rights; the Company's ability to comply
with laws and regulations affecting its business, including those
relating to the manufacture, sale and distribution of wine; claims,
demands and lawsuits to which the Company are or may be subject and
the risk that its insurance or indemnities coverage may not apply
or be sufficient; the Company's ability to operate, update or
implement its IT systems; the Company's ability to successfully
pursue strategic acquisitions and integrate acquired businesses;
and the risks identified in the Company's other filings with the
SEC. The Company cautions investors not to place considerable
reliance on the forward-looking statements contained in this press
release. You are encouraged to read the Company'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 the
Company undertakes no obligation to update or revise any of these
statements. The Company's business is subject to substantial risks
and uncertainties, including those referenced above. Investors,
potential investors, and others should give careful consideration
to these risks and uncertainties.
Fresh Vine Wine (AMEX:VINE)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Fresh Vine Wine (AMEX:VINE)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024