Winc, Inc.: Nasdaq/NYSE listing notice — Winc receives NYSE American delisting notice; court approves $5M DIP financing from stalking horse

Winc, Inc.

NYSE American commenced delisting proceedings for Winc (WBEV) on Dec 5, 2022, following Chapter 11 filing on Nov 30.
Bankruptcy Court granted interim approval of $5M DIP term loan from stalking horse Project Crush Acquisition Corp; $2M available pending final approval.
Company intends to sell substantially all assets under Section 363; PCAC serves as stalking horse bidder subject to higher offers in auction.
Court also approved first-day motions; Winc continues normal operations during Chapter 11 case.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Winc, Inc. received a nyse_american delisting notice notice regarding other (rules 1003(c)(iii)).

Exchange: nyse american
Notice: delisting notice
Rules: 1003(c)(iii)

Exact text from the filing

December 5, 2022, the Company received written notice from the staff of NYSE Regulation that, as a result of the Chapter 11 Cases and in accordance with Section 1003(c)(iii) of the NYSE American Company Guide, NYSE Regulation has determined to commence proceedings to delist the common stock of the Company, par value $0.0001 per share (the "Common Stock"), from the NYSE American LLC ("NYSE American"). The Company may appeal NYSE Regulation's determination pursuant to Part 12 of the NYSE American Company Guide within seven calendar days of the notice. However, even if the Company were to appeal

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Source: SEC EDGAR

accession 0000950170-22-026197

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