CARSON CITY: Vintage Wine Estates, Inc., an estate of wineries and wines, has provided written notice to the Toronto Stock Exchange (TSX) of its intent to voluntarily delist its common shares and common share purchase warrants from the TSX.
Accordingly, VWE expects that effective at the close on March 7, 2022, the Common Shares and Warrants will no longer be traded on the TSX. The Common Shares and Warrants will continue to trade on the Nasdaq Global Market and the Nasdaq Capital Market, respectively, under the symbols “VWE” and “VWEWW”.
The company believes that the trading volume of its Common Shares and Warrants on the TSX no longer justifies the expense and administrative efforts associated with maintaining TSX listing, especially given VWE’s listing on The Nasdaq Stock Market.
The Company’s listing on Nasdaq provides its stockholders with market liquidity, and the savings in exchange fees, legal fees, and managerial time and effort to maintain a dual listing can be redirected into further advancing the business of the Company.
Vintage Wine Estates is a family of wineries and wines producing the finest quality wines and provide incredible customer experiences with wineries throughout Napa, Sonoma, California’s Central Coast, Oregon and Washington.
Since its founding 20 years ago, the Company has grown to be the 15th largest wine producer in the U.S. selling more than two million nine-liter equivalent cases annually.