M&A
confidence high
sentiment positive
materiality 0.85
Fresh Vine enters LOI for $140M stock merger with Adifex/Amaze; also raises $1.2M
AMAZE HOLDINGS, INC.
- LOI to acquire Adifex/Amaze for $140M in stock at $0.80/share; current VINE holders get ~14% of combined co.
- Non-binding; completion subject to due diligence, definitive agreement, board & shareholder approvals.
- Raised $500K net via $600K convertible notes (20% OID) and $698K via Series B Preferred at $100/share.
- Notes due Apr 2025, convertible at $0.40; warrants for 740K shares at $0.40, 5-yr term.
- Lent Adifex up to $3.5M at 6% interest, secured by Adifex assets; rate jumps to 12% if merger fails.