Amaze Holdings Inc., formerly known as Fresh Vine Wine, Inc., has entered into a new financing agreement with accredited investors, raising $1,080,000 through the issuance of subordinated secured promissory notes. Issued on May 14 and May 20, 2025, the notes were sold at a discount, resulting in $900,000 in gross proceeds for the company. The six-month term notes bear a simple interest rate of 10% and are secured by the company's assets, though they are subordinate to other secured debts. The funds raised will be used for working capital and general corporate purposes. One of the investors is affiliated with company director David Yacullo. The transaction was conducted as a private placement, relying on exemptions from registration under the Securities Act.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.