Winc Wine Club Files for Bankruptcy One Year After Going Public

Wine club Winc filed for Chapter 11 bankruptcy on Wednesday, just over a year after the online wine club went public.

In the voluntary filing, Winc is listed as holding just over $50 million in assets and $36,751,000 in debts, as of Sept. 2022. It hired Canaccord Genuity Group Inc. as its investment banker for bankruptcy proceedings, Bloomberg reports.

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