What Led Up to VWE’s Bankruptcy Filing

Dear Client:  Earlier this week, Vintage Wine Estates filed for Chapter 11 bankruptcy, and will voluntarily delist its common stock and warrants from the Nasdaq [see WSD 07-24-2024]. Today we'll take a look at what led up to this point.  GROWING DOUBLE DIGITS AND GOING PUBLIC. In early 2021, VWE merged with special purpose acquisition company Bespoke Capital Acquisition Corp., taking the wine company public at a market valuation of $690 million [see WSD 02-04-2021].  At the time the company