Downhill Village, Nevada. – (work wire) – Vintage Wine Estates, Inc. (Nasdaq: VWE) (TSX: VWE.U) (TSX: VWE.WT.U) (“VWE” or “Company”), one of the fastest-growing wine producers in the United States with a leading direct customer contact platform, Today, its warrants have been approved for listing on the Nasdaq Capital Market (“NASDAQ”) and trading on the NASDAQ Stock Exchange is expected to become effective with the market open today under the VWEWW ticker.
As its warrants begin trading on the Nasdaq, the Company plans to voluntarily write off warrants to purchase common stock (“collateral”) from the Toronto Stock Exchange (“TSX”). VWE expects NASDAQ to provide its stockholders with improved market liquidity and transparency of its warrants.
About Vintage Wine Estates, Inc.
Vintage Wine Estates is a family of wineries and wineries whose mission is to produce the highest quality wines and provide amazing customer experiences with wineries throughout Napa, Sonoma, California’s Central Coast, Oregon and Washington State. Since its establishment 20 years ago, the company has grown to 15y The largest wine producer in the United States sells more than two million cans of nine liters annually. To continually drive growth, the company curates, creates, directs and markets many of its brands and services to customers and end consumers through a balanced omni-channel strategy that includes direct-to-consumer brand arrangements, wholesale and brand exclusives with national retailers. While VWE varies across price points and varieties with over 50 brands ranging from $10 to $150 in retail, its primary focus is on the fastest growing premium segment of the wine industry with the majority of brands selling in the $10 to $20 price range. The Company regularly posts updates and additional information at www.vintagewineestates.com.
Certain statements in this press release are “forward-looking statements” within the meaning of applicable US and Canadian securities laws. Forward-looking statements are all statements other than those relating to historical fact, generally identifiable by the use of words such as “believe,” “estimate,” “project,” “expect,” “expect,” “plan,” “intend,” “expect” , “should”, “will”, “could”, “continue” or other similar expressions that refer to future events or trends. These forward-looking statements include, but are not limited to, the planned voluntary delisting of common shares and warrants from TSX, the initial listing of warrants on Nasdaq, the accessibility and ability to trade common stocks and warrants on Nasdaq, and the anticipated continued listing of common shares and new warrants on Nasdaq. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond VWE’s control. Actual events and conditions could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from results expressed or implied by these forward-looking statements include those discussed in the Company’s annual report on Form 10-K for the year ended June 30, 2021 and other reports provided from time to time with SEC. Readers are cautioned and advised not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as may be required by law.