Editors note: Wine Industry Insight, the source VinePair cited for the information in this article, has since issued a correction after erroneously identifying the stalking horse as WX Brands. Wine Industry Insight now believes that Project Crush Acquisition Corp LLC (Delaware), a newly created LLC corporation run by a Winc co-founder, is the actual stalking horse. More details can be found here.
Bankrupt wine club Winc’s stalking horse bidder has officially been announced. WX Brands is the suitor, according to Wine Industry Insight. As outlined by the asset purchase agreement, Winc’s acquisition price is set at $10 million. Project Crush Acquisition Corp LLC will fund the process: