Why Fresh Vine Wine (VINE) Stock Is Falling
Why Fresh Vine Wine (VINE) Stock Is Falling
Fresh Vine Wine Inc (NASDAQ:VINE) shares are trading lower by 9.5% to $0.71 during Monday's session after the company announced plans to merge with Notes Live, a live entertainment company with venues in Colorado and Atlanta.
Fresh Vine Inc（纳斯达克股票代码：VINE）股价在周一的交易中下跌9.5％，至0.71美元，此前该公司宣布计划与在科罗拉多州和亚特兰大设有场地的现场娱乐公司Notes Live合并。
This non-binding agreement aims to finalize details by early 2024, with Notes Live expected to own a significant portion of Fresh Vine's shares post-merger.
这项不具约束力的协议旨在在2024年初之前敲定细节，预计Notes Live将在合并后拥有Fresh Vine的很大一部分股份。
The deal depends on due diligence, financial conditions, stock exchange approval and other standard procedures.
该交易取决于尽职调查、财务状况、证券交易所批准和其他标准程序。
While both parties are enthusiastic about the potential, the agreement isn't finalized yet.
尽管双方都对这种潜力充满热情，但该协议尚未最终敲定。
According to data from Benzinga Pro, VINE has a 52-week high of $1.99 and a 52-week low of $0.21.
根据Benzinga Pro的数据，VINE创下52周高点1.99美元，52周低点0.21美元。