BRIEF-Winc Obtains Court Approval Of "First Day" Motions, Receives Notice Of Delisting After Filing Chapter 11 Petitions

Reuters

Dec 09, 2022

Dec 8 (Reuters) - Winc Inc :

* WINC OBTAINS COURT APPROVAL OF "FIRST DAY" MOTIONS AND RECEIVES NOTICE OF DELISTING AFTER FILING CHAPTER 11 PETITIONS

* WINC INC - OBTAINS INTERIM APPROVAL TO ACCESS DIP FINANCING TO SUPPORT OPERATIONS

* WINC INC - ON DECEMBER 6, BANKRUPTCY COURT GRANTED CO INTERIM APPROVAL TO ENTER INTO DIP FACILITY COMPRISING A $5.0 MILLION TERM LOAN

* WINC INC - EXPECTS FINANCING, TOGETHER WITH CASH FLOW FROM OPERATIONS, WILL SUPPORT OPERATIONS, DURING COURT-SUPERVISED PROCESS

* WINC INC - $2.0 MILLION FROM DIP FACILITY WILL BE AVAILABLE PENDING FINAL APPROVAL

* WINC INC - INTENDS TO EXECUTE ASSET PURCHASE AGREEMENT WITH PCAC REGARDING POTENTIAL SALE OF SUBSTANTIALLY ALL ASSETS OF COMPANY

* WINC - ON DEC 6 HEARING, BANKRUPTCY COURT PROVIDED INTERIM APPROVAL FOR FIRST DAY MOTIONS TO ENABLE CO TO CONTINUE TO SUPPORT ITS BUSINESS OPERATIONS

* WINC INC - MAY APPEAL NYSE REGULATION'S DETERMINATION PURSUANT TO PART 12 OF NYSE AMERICAN COMPANY GUIDE WITHIN SEVEN CALENDAR DAYS OF DELISTING NOTICE

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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Winc Inc   :</p><p>   * WINC OBTAINS COURT APPROVAL OF \"FIRST DAY\" MOTIONS AND RECEIVES NOTICE OF DELISTING AFTER FILING CHAPTER 11 PETITIONS</p><p>   * WINC INC - OBTAINS INTERIM APPROVAL TO ACCESS DIP FINANCING TO SUPPORT OPERATIONS</p><p>   * WINC INC - ON DECEMBER 6, BANKRUPTCY COURT GRANTED CO INTERIM APPROVAL TO ENTER INTO DIP FACILITY COMPRISING A $5.0 MILLION TERM LOAN</p><p>   * WINC INC - EXPECTS FINANCING, TOGETHER WITH CASH FLOW FROM OPERATIONS, WILL SUPPORT OPERATIONS, DURING COURT-SUPERVISED PROCESS</p><p>   * WINC INC - $2.0 MILLION FROM DIP FACILITY WILL BE AVAILABLE PENDING FINAL APPROVAL</p><p>   * WINC INC - INTENDS TO EXECUTE ASSET PURCHASE AGREEMENT WITH PCAC REGARDING POTENTIAL SALE OF SUBSTANTIALLY ALL ASSETS OF COMPANY</p><p>   * WINC - ON DEC 6 HEARING, BANKRUPTCY COURT PROVIDED INTERIM APPROVAL FOR FIRST DAY MOTIONS TO ENABLE CO TO CONTINUE TO SUPPORT ITS BUSINESS OPERATIONS</p><p>   * WINC INC - MAY APPEAL NYSE REGULATION'S DETERMINATION PURSUANT TO PART 12 OF NYSE AMERICAN COMPANY GUIDE WITHIN SEVEN CALENDAR DAYS OF DELISTING NOTICE</p><p>Source text for Eikon:    Further company coverage:   </p><p>((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBEVQ","symbol_name":"WINC INC","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2290644275","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2290644275","pubTimestamp":1670515563,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Dec 8 (Reuters) - 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