Extracted from this filing and checked against the source text.
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
Winc, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2022-11-30).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the District of Delaware
- Petition
- 2022-11-30
Exact text from the filing
on November 30, 2022, Winc, Inc., a Delaware corporation (the "Company"), together with its subsidiaries (collectively, the "Debtors"), filed voluntary petitions (collectively, the "Chapter 11 Cases") for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code (the "Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Winc, Inc. entered into Asset Purchase Agreement with Project Crush Acquisition Corp LLC valued at $10.0 million cash purchase price (subject to reduction for DIP Facility obligations and fees) (effective 2022-12-07).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Project Crush Acquisition Corp LLC
- Value
- $10.0 million cash purchase price (subject to reduction for DIP Facility obligations and fees)
- Effective
- 2022-12-07
Exact text from the filing
On December 7, 2022, the Debtors entered into an asset purchase agreement (the "Agreement") with PCAC, pursuant to which PCAC agreed, subject to the terms and conditions contained in the Agreement, to purchase certain specified assets of the Debtors related to the Debtors' business and assume certain specified liabilities of the Debtors (collectively, the transactions contemplated by the Agreement, the "Transaction").
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