---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026406"
form_type: "8-K"
ticker: null
cik: "0001782627"
company_name: "Winc, Inc."
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:15:16.570713+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Winc files for Chapter 11, signs $10M stalking horse asset sale agreement with Project Crush

## Summary
- Asset purchase agreement with Project Crush Acquisition Corp for $10M cash, subject to Bankruptcy Court approval.
- Interim approval of $5M debtor-in-possession facility from PCAC; $2M available pending final approval.
- Bid deadline Jan 9, 2023; auction Jan 11 if multiple qualifying bids; break-up fee $300K (3% of price).
- Sale will be free and clear of liens under Section 363; equity holders likely receive no value.
- Company operates as debtor-in-possession; seeks to sell substantially all assets through Chapter 11 process.

## SEC filing metadata
- accession: 0000950170-22-026406
- form_type: 8-K
- cik: 0001782627
- company_name: Winc, Inc.
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782627/000095017022026406/0000950170-22-026406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782627/000095017022026406/wbev-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026406
- JSON: https://secwatch.observer/filing/0000950170-22-026406.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026406.txt

## Key facts
- Distress & Bankruptcy
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782627/000095017022026406/0000950170-22-026406-index.htm
- Material Agreements
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782627/000095017022026406/0000950170-22-026406-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.