Fresh Vine Wine, Inc. (NYSE American:VINE), a company specializing in retail eating places, announced today that it will become a wholly owned subsidiary of Pubco, a move that includes the acquisition of Amaze Software (ETR:SOWGn), Inc. This development comes as part of a broader business combination agreement that will see Fresh Vine Wine, Inc. join forces with Amaze Holdings Inc., VINE Merger Sub Inc., Adifex Merger Sub LLC, and Adifex Holdings LLC.
The transaction, disclosed in a recent SEC filing, is contingent upon the closure of the acquisition of Amaze Software, Inc. by Adifex. Shareholders of Amaze will exchange their shares for membership interests in Adifex as part of the agreement. The completion of this deal is a prerequisite for the broader business combination to proceed.
To provide stakeholders with more insight into the transaction, an exclusive conversation was recorded on December 20, 2024, between Mike Pruitt, Chairman and interim CEO of Fresh Vine, and Aaron Day, CEO of Amaze. The discussion centered on the business prospects of Amaze and the details of the business combination. A transcript of this call is available as part of the SEC filing.
This strategic move is expected to strengthen Fresh Vine’s market position by integrating Amaze’s software solutions into its business operations. However, the filing cautions that forward-looking statements within the report are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially.
Investors and interested parties are advised that this report is based on a press release statement and that further details regarding the proposed business combination will be made available in future SEC filings.
The information provided in the filing is not to be considered filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into any filing under the Securities Act of 1933, except as expressly set forth by specific reference in such a filing.
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