• Boustead Securities

Fresh Vine Wine, Inc. AnnouncesPricing of Initial Public Offering



Irvine, CA, December 14, 2021 – Boustead Securities, LLC (Boustead) client Fresh Vine Wine, Inc. (NYSE American: VINE) today announced the pricing of its initial public offering of 2,200,000 shares of its common stock at a public offering price of $10.00 per share, before deducting underwriting discounts and commissions and other offering expenses payable. All of the shares are being offered by Fresh Vine Wine, Inc. In addition, the underwriters have been granted a 45-day option to purchase up to an additional 330,000 shares of common stock from Fresh Vine Wine, Inc. at the initial public offering price. The shares are expected to begin trading on the NYSE American on December 14, 2021 under the ticker symbol “VINE,” and the offering is expected to close on December 16, 2021, subject to the satisfaction of customary closing conditions. Fresh Vine Wine, Inc. co-owners Julianne Hough and Nina Dobrev, together with newly appointed Chief Executive Officer Janelle Anderson, are scheduled to be at the NYSE to ring the closing bell on December 16, 2021.


The Oak Ridge Financial Services Group, Inc. is acting as lead underwriter and as representative for the proposed offering, with Boustead Securities, LLC serving as co-underwriter for the firm commitment underwritten offering.


A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on December 13, 2021. The offering is being made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from Boustead Securities, LLC at 6 Venture, Suite 395, Irvine, CA 92618, by calling Brinson Lingenfelter at (949) 375-6879 or by emailing Brinson@boustead1828.com.


This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, 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.

 

About Fresh Vine Wine, Inc.

Fresh Vine Wine, Inc. is a premier producer of low carb, low calorie premium wines in the United States that positions its wines in the “better for you” segment whichseeks to appeal to consumers’ emphasis on a healthy lifestyle. Fresh Vine Wine’s varietals currently include its Cabernet Sauvignon, Chardonnay, Pinot Noir, and Rosé.


About Boustead Securities, LLC

Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com


Cautionary Statement Concerning Forward-Looking Statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.

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