Tippapatt
Fresh Vine Wine (NYSE:VINE) to merge with Notes Live, the Colorado-based live entertainment and hospitality company.
The deal, expected to close in June 2024, will be an all-stock transaction.
The terms of the merger will be based on mutual valuations, with Notes Live valued at $350M plus the potential $50M from its current equity offering, and Fresh Vine valued at $18M.
Founder Chairman and CEO of Notes Live, JW Roth, is set to become the Chairman & CEO of the combined public company after the closing.
VINE stock price soared 16% on Monday during pre-market trading.
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