Vintage Wine Estates Warrants to Begin Trading on Nasdaq
19 January 2022 - 10:30PM
Business Wire
Vintage Wine Estates, Inc. (Nasdaq: VWE) (TSX: VWE.U) (TSX:
VWE.WT.U) (“VWE” or the “Company”), one of the fastest-growing wine
producers in the U.S. with an industry leading direct-to-customer
platform, today announced that its warrants have been approved for
listing on the Nasdaq Capital Market (“Nasdaq”) and are expected to
begin trading on the Nasdaq effective with the market open today
under the ticker VWEWW.
With the initiation of the trading of its warrants on the
Nasdaq, the Company plans to voluntarily delist its Common Share
purchase warrants (“Warrants”) from the Toronto Stock Exchange (the
“TSX”). VWE expects that the Nasdaq will provide its security
holders with improved market liquidity and transparency for its
Warrants.
About Vintage Wine Estates, Inc.
Vintage Wine Estates is a family of wineries and wines whose
mission is to produce the finest quality wines and provide
incredible customer experiences with wineries throughout Napa,
Sonoma, California’s Central Coast, Oregon and Washington State.
Since its founding 20 years ago, the Company has grown to be the
15th largest wine producer in the U.S. selling more than two
million nine-liter equivalent cases annually. To consistently drive
growth, the Company curates, creates, stewards and markets its many
brands and services to customers and end consumers via a balanced
omni-channel strategy encompassing direct-to-consumer, wholesale
and exclusive brand arrangements with national retailers. While VWE
is diverse across price points and varietals with over 50 brands
ranging from $10 to $150 at 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.
Forward-Looking Statements
Certain statements contained in this press release are
“forward-looking statements” within the meaning of applicable U.S.
and Canadian securities laws. Forward-looking statements are all
statements other than those of historical fact, and generally may
be identified by the use of words such as “believe,” “estimate,”
“project,” “expect,” “anticipate,” “plan,” “intend,” “foresee,”
“should,” “would,” “could,” “continue,” or other similar
expressions that indicate future events or trends. These
forward-looking statements include, but are not limited to, the
planned voluntary delisting of Common Shares and Warrants from the
TSX, the initial listing of the Warrants on Nasdaq, the
accessibility of and ability to trade the Common Shares and
Warrants on Nasdaq, and the anticipated continued listing of the
Common Shares and new listing of the Warrants on Nasdaq. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the control of VWE. Actual
events and circumstances may differ materially from those expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially from the results
expressed or implied by such 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 filed from time to time
with the SEC. We caution and advise readers 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220119005451/en/
Investors Deborah K. Pawlowski, Kei Advisors LLC
dpawlowski@keiadvisors.com Phone: 716.843.3908
Media Mary Ann Vangrin
MVangrin@vintagewineestates.com
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