Amaze Holdings Secures $1.08 Million in Private Placement

Amaze Holdings, Inc. (NYSE American:AMZE), formerly known as Fresh Vine Wine, Inc., has entered into a material definitive agreement, securing $1.08 million through the issuance of subordinated secured promissory notes to accredited investors, according to a recent filing with the Securities and Exchange Commission (SEC). The micro-cap company, currently valued at $6.42 million, maintains a healthy balance sheet with more cash than debt and a current ratio of 1.5, according to InvestingPro data. The private placement, which took place on May 14, 2025, includes an investor who is an affiliate of David Yacullo, a director of the company.

The notes, which carry an original issuance discount of $180,000, resulted in gross proceeds of $900,000 for the company. They have a six-month term and bear an interest rate of 10%. Amaze Holdings intends to use the funds for working capital and general corporate purposes.

These financial instruments are secured by the assets of Amaze Holdings and are subordinated in right of payment to the company’s secured indebtedness. The terms also include customary events of default. The details of the notes are outlined in Exhibit 10.1 of the SEC filing, which provides the full text of the agreement.

The issuance of the notes constitutes a direct financial obligation for Amaze Holdings. The company has disclosed that the notes were offered and sold in reliance upon exemptions from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506(b) of Regulation D, as transactions by an issuer not involving any public offering.

This financial move by Amaze Holdings, a company with a standard industrial classification in the retail-eating places sector, is part of its strategy to strengthen its capital structure and support its ongoing operations. The information reported is based on a press release statement filed with the SEC.

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