secwatch.observer — SEC 8-K summary
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Issuer:     Winc, Inc. (—)
CIK:        0001782627
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001193125-23-016241
Event type: m_and_a
Sentiment:  negative
Materiality: 1.00
Item codes: 2.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Winc closes $11M asset sale to PCAC in bankruptcy; terminates CEO, CFO, COO
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- Sale of substantially all assets to Project Crush Acquisition Corp for $11M closed Jan 23, 2023.
- Proceeds to repay debtor-in-possession term loan (owed to PCAC) and Banc of California credit agreement.
- President/Interim CEO Brian Smith, CFO Carol Brault, COO Erin Green terminated effective Jan 20.
- COO Erin Green subsequently employed by PCAC.
- Stock previously suspended from NYSE American, now trades on OTC Pink under WBEVQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782627/000119312523016241/0001193125-23-016241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782627/000119312523016241/d438781d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-016241

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer