secwatch.observer — SEC 8-K summary
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Issuer:     Winc, Inc. (—)
CIK:        0001782627
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000950170-22-026197
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Winc receives NYSE American delisting notice; court approves $5M DIP financing from stalking horse
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782627/000095017022026197/0000950170-22-026197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782627/000095017022026197/wbev-20221205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026197

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