NEW YORK, Nov. 10, 2021 /PRNewswire/ -- Winc, Inc. (NYSE
American: WBEV) (the "Company" or "Winc"), today announced
the pricing of its initial public offering of 1,692,308 shares of
common stock at an offering price of $13.00 per share. The shares are expected to
trade on NYSE American under the ticker symbol "WBEV" beginning
November 11, 2021. Winc expects the
initial public offering to close on November
15, 2021, subject to customary closing conditions.
Winc is one of the fastest growing at scale wineries in the
United States, fueled by the joint
capabilities of its data-driven brand development strategy paired
with a true omni-channel distribution network. Winc plans to
use the net proceeds of this offering for general corporate
purposes.
Spartan Capital Securities LLC and Revere Securities LLC are
joint book runners of the offering. Winc has granted the
underwriters a 45-day option to purchase up to 253,846 additional
shares at the IPO price to cover over-allotments, if any.
A registration statement relating to the securities sold in the
initial public offering was declared effective by the U.S.
Securities and Exchange Commission on November 10, 2021. The
offering is being made only by means of a prospectus. When
available, copies of the prospectus related to this offering may be
obtained from Spartan Capital Securities LLC, 45 Broadway,
New York, NY 10006, or, or by
telephone at 212-293-0123, or by email at
investmentbanking@spartancapital.com or by visiting EDGAR on
the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the IPO. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
preliminary prospectus for the IPO filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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SOURCE Winc