M&A
confidence high
sentiment neutral
materiality 0.80
Fresh Vine Wine signs definitive merger with Amaze Software parent to form creator commerce platform
AMAZE HOLDINGS, INC.
- Fresh Vine Wine entered definitive Business Combination Agreement with Adifex Holdings (parent of Amaze Software). Amaze CEO Aaron Day to become CEO of combined entity.
- Structure: VINE Merger Sub merges into VINE, Adifex Merger Sub merges into Adifex; Pubco becomes parent. VINE stockholders get Pubco stock.
- Closing conditions include VINE stockholder approval, SEC S-4 effectiveness, up to $10M capital raise, Adifex acquisition of Amaze, and lock-up agreements.
- VINE issued $3.5M promissory note to Amaze at 6% (12% if deal fails). Prior $3.5M Adifex note cancelled with no borrowings outstanding.
- VINE board amended bylaws to exempt the merger from Nevada control share acquisition statutes.