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Fresh Vine Wine Receives Notice of Noncompliance with NYSE American Listing Standards

1. Fresh Vine Wine failed to hold its annual meeting by the deadline. 2. The company plans to hold a meeting to regain compliance soon.

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FAQ

Why Neutral?

Non-compliance indicates potential governance issues, but upcoming meeting may assuage concerns.

How important is it?

Non-compliance is critical but addressed through planned meeting; moderate impact on investor confidence.

Why Short Term?

Immediate focus on compliance; potential short-term fluctuations until meeting occurs.

Related Companies

CHARLOTTE, NC / ACCESSWIRE / January 10, 2025 / Fresh Vine Wine, Inc. ("Fresh Vine ") (NYSE American:VINE) today announced that on January 6, 2025, Fresh Vine received a letter from NYSE American LLC notifying Fresh Vine that it is not in compliance with Section 704 of the NYSE American Company Guide because Fresh Vine failed to hold an annual meeting for the fiscal year ended December 31, 2023 by December 31, 2024. Fresh Vine intends to hold a meeting of stockholders in the next several months with respect to the proposed business combination with Adifex Holdings LLC, which meeting Fresh Vine expects will bring it into compliance with Section 704.

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