Bespoke Capital Provides Update on Proposed Combination With Vintage Wine Estates
Retrieved on:
Monday, April 26, 2021
b'TORONTO and SANTA ROSA, Calif., April 26, 2021 (GLOBE NEWSWIRE) -- Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U) provided an update on progress toward completing its business combination with Vintage Wine Estates ("VWE").\nFunds managed by Wasatch agreed last week to increase their investment in Bespoke.
Key Points:
- b'TORONTO and SANTA ROSA, Calif., April 26, 2021 (GLOBE NEWSWIRE) -- Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U) provided an update on progress toward completing its business combination with Vintage Wine Estates ("VWE").\nFunds managed by Wasatch agreed last week to increase their investment in Bespoke.
- On Friday, April 23, Bespoke was pleased to announce an additional $100 million investment at $10.00 per share.
- Bespoke believes the investment represents a strong endorsement of the VWE combination.
- However, the failure to approve these measures could adversely affect the proposed VWE combination and may result in BCAC being wound-up and the BCAC warrants expiring worthless.