Why Fresh Vine Wine (VINE) Stock Is Falling

12/4/23 11:48:05 AM ET

Beverages (Production/Distribution)

Consumer Staples

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Fresh Vine Wine Inc (NASDAQ:VINE) shares are trading lower by 9.5% to $0.71 during Monday's session after the company announced plans to merge with Notes Live, a live entertainment company with venues in Colorado and Atlanta.

This non-binding agreement aims to finalize details by early 2024, with Notes Live expected to own a significant portion of Fresh Vine's shares post-merger.

The deal depends on due diligence, financial conditions, stock exchange approval and other standard procedures.

While both parties are enthusiastic about the potential, the agreement isn't finalized yet.

According to data from Benzinga Pro, VINE has a 52-week high of $1.99 and a 52-week low of $0.21.

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Recent Analyst Ratings for
$VINE

Date	Price Target	Rating	Analyst

More analyst ratings

$VINE
Leadership Updates

Live Leadership Updates

Fresh Vine Wine, Inc. Receives NYSE American Notice
MINNEAPOLIS, July 31, 2023 (GLOBE NEWSWIRE) -- Fresh Vine Wine Inc. (NYSE:VINE) today announced that it received a Notice (the "Notice") on July 27, 2023 from the NYSE American LLC (the "NYSE American") stating that the Company was not in compliance with the continued listing standards as set forth in Section 803B (2) of the NYSE American Company Guide ("Company Guide"), relating to the composition of its audit committee. On July 19, 2023, the Company's Board of Directors appointed Michael Pruitt, the Non-Executive Chair of the Company's Board of Directors, to serve as Interim Chief Executive Officer. As a result of such interim appointment, Mr. Pruitt ceased serving as one of two members
7/31/23 5:00:00 PM ET
$VINE
Beverages (Production/Distribution)
Consumer Staples
Fresh Vine Wine, Inc. Appoints Hitesh Dheri Chief Financial Officer
MINNEAPOLIS, May 31, 2023 (GLOBE NEWSWIRE) -- Fresh Vine Wine Inc. (NYSE:VINE) today announced the appointment of Hitesh Dheri as Chief Financial Officer and Secretary, effective May 25, 2023. The company also reported, as required by Section 711(a) of the NYSE American Company Guide (the "Company Guide"), the grant of equity inducement awards to Jamey Whetstone, who commenced employment as the Company's Executive Vice President of Sales and Marketing on May 11, 2023, and Hitesh Dheri. The awards were offered as inducements material to the hiring of Messrs. Whetstone and Dheri. Roger Cockroft, Chief Executive Officer commented on the appointment of Mr. Dheri, "I committed to putting a new
5/31/23 5:32:39 PM ET
$VINE
Beverages (Production/Distribution)
Consumer Staples
Fresh Vine Wine Appoints James Spellmire as Chief Financial Officer
MINNEAPOLIS, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Fresh Vine Wine, Inc. (NYSE:VINE), the premier producer of lower carb, lower sugar, and lower calorie premium wines in the United States, today announced that the Company has appointed James Spellmire as Chief Financial Officer. Spellmire joins the Fresh Vine Wine executive team where he will be responsible for oversight of all the Company's financial operation as well as tasked with aiding in the development and implementation of strategies to improve cash flow management and profitability as the company enters a period of rapid expansion. "We are very pleased to welcome Jim to the Fresh Vine Wine executive team," said Damian Novak, Execut
10/6/22 9:27:45 AM ET
$VINE
Beverages (Production/Distribution)
Consumer Staples

Fresh Vine Wine and Amaze Software Merge to Redefine the Creator Powered Commerce Landscape
CHARLOTTE, NC / ACCESSWIRE / November 4, 2024 / Fresh Vine Wine, Inc. ("Fresh Vine Wine") (NYSE:VINE) and Amaze Software, Inc. ("Amaze") (through Adifex Holdings LLC) have signed a definitive agreement to merge, uniting Fresh Vine Wine's premium wine expertise with Amaze's leading creator-powered commerce technology. This merger marks a pivotal moment for the creator economy, setting new standards in product offerings and innovative creator-driven brand engagement opportunities. Amaze, the parent company of Amaze Studio, Spring by Amaze, Teespring, and a robust managed services division, brings together a suite of innovative commerce solutions supporting over 14 million creators, entrepre
11/4/24 9:20:00 AM ET
$VINE
Beverages (Production/Distribution)
Consumer Staples
Fresh Vine Wine, Inc. Announces Letter of Intent for Business Combination
CHARLOTTE, N.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fresh Vine Wine, Inc., (NYSE:VINE) ("Fresh Vine"), today announced that it has entered into a letter of intent (the "LOI") with Adifex Holdings, LLC, a Delaware limited liability company ("Adifex"), and Adifex's to be acquired subsidiary, Amaze Software, Inc. ("Amaze"), for a potential business combination (the "Proposed Transaction"). The LOI is not a binding agreement, and it outlines the intent and preliminary terms of the Proposed Transaction. Under the terms and conditions of the LOI, Fresh Vine and Adifex intend to enter into a definitive agreement under which Fresh Vine will acquire 100% of the issued and outstanding membership int
10/15/24 9:00:00 AM ET
$VINE
Beverages (Production/Distribution)
Consumer Staples
Fresh Vine Wine, Inc. and Notes Live, Inc. Mutually Agree to Terminate Merger Agreement
CHARLOTTE, N.C., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fresh Vine Wine Inc. (NYSE:VINE) ("Fresh Vine") today announced it has agreed with Notes Live, Inc. to terminate their previously announced merger agreement, originally announced on January 29, 2024, pursuant to which Notes Live would have combined with, and become a wholly-owned subsidiary of, Fresh Vine. The merger agreement provided for termination rights, subject to certain exceptions, in favor of either party if the merger contemplated by the merger agreement was not consummated by a July 31, 2024 end date. Conditions to the closing of the merger were not satisfied as of the end date and Notes Live indicated its desire to terminate th
8/1/24 4:00:00 PM ET
$VINE
Beverages (Production/Distribution)
Consumer Staples

Why Fresh Vine Wine (VINE) Stock Is Falling

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Recent Analyst Ratings for
$VINE

$VINE
Leadership Updates

Live Leadership Updates

Fresh Vine Wine, Inc. Receives NYSE American Notice

Fresh Vine Wine, Inc. Appoints Hitesh Dheri Chief Financial Officer

Fresh Vine Wine Appoints James Spellmire as Chief Financial Officer

$VINE
Market Insights

Live Market Insights

Fresh Vine Wine Announced That Its Merger Partner Live Entertainment And Hospitality Company Formally Notes Live, Inc. Dba Venu Holding Corp. Struck A Ten-year Naming Rights Term With Colorado Ford Dealers To The New Outdoor Amphitheater In Colorado Springs

Fresh Vine Wine, Inc. Signs Definitive Agreement To Acquire Notes Live, Inc. In All-Stock Transaction; Fresh Vine To Issue Shares To Notes Live Shareholders, Notes Live Is Being Value At $350M Plus Amount Of Gross Proceeds Raised By Notes Live In Current Equity Offering