Filing pursuant to Rule 425 under the
Securities Act of 1933, as amended
Filer: Bespoke Capital Acquisition Corp.
Subject Company: Bespoke Capital Acquisition Corp.
Registration No: 333-254260
Date:
June 1, 2021
Bespoke Capital Acquisition Corp. Shareholders Approve Proposed Merger With
Vintage Wine Estates
Approval of VWE Shareholders Also Obtained
TORONTO, June 1, 2021 (GLOBE NEWSWIRE) Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U)
(Bespoke or BCAC), a publicly-traded special purpose acquisition company, today announced that BCACs shareholders voted to approve its proposed merger with Vintage Wine Estates (VWE or the
Company), one of the fastest growing U.S. wine producers with an industry leading direct-to-consumer platform, at its shareholder meeting held on
May 28, 2021. The domestication of BCAC from British Columbia to Nevada was also approved.
Paul Walsh, Executive Chairman of BCAC, commented,
We are very pleased to reach this important milestone in the merger process and thank all shareholders for their support. Vintage Wine Estates has delivered tremendous growth to date, and its well-diversified portfolio of high-quality brands
spanning all price points and differentiated omni-channel marketing approach brings a great balance. We are thrilled to continue to support the deeply experienced management team as VWE transitions to the public markets and continues to drive
profitable growth and enhance shareholder value over the long term.
On February 4, 2021, BCAC announced a definitive agreement for a business
combination with Vintage Wine Estates. Upon closing, the combined company will be named Vintage Wine Estates, Inc. Its common stock will remain listed on the Nasdaq Global Market under the new ticker symbol VWE and on the TSX under the
symbol VWE.U. The warrants will remain listed on the TSX under VWE.WT.U.
BCAC also announced that VWEs shareholders have
approved the proposed merger. The closing of BCACs business combination with VWE is expected to occur on or about June 7, 2021.
About
Bespoke Capital Acquisition Corp.
Bespoke Capital Acquisition Corp. is a $360 million special purpose acquisition corporation listed on the
Nasdaq and TSX. Bespoke is led by Chairman Paul Walsh (former CEO of Diageo) and an experienced team of managers, operators and investors who have played integral roles in helping build and grow profitable public and private consumer staples
businesses, both organically and through acquisitions, to create value for stockholders. For more information please visit https://www.bespokespac.com/.
About Vintage Wine Estates
Vintage Wine Estates is a
family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, Californias Central Coast, Oregon and Washington State. Since its founding 20
years ago, the Company has become a top 15 U.S. wine producer via organic and acquisitive growth, today selling more than 2 million nine-liter equivalent cases annually. To achieve this growth, the Company curates, creates, stewards and markets
its many brands and services to customers and end consumers via a balanced omni-channel strategy encompassing direct-to-consumer, wholesale and exclusive brands
arrangements with national retailers. VWE is diverse across price points and varietals with over 50 brands ranging from $10-$150 USD at retail, with the majority selling in the
$12-$20 USD price range. For more information, visit https://www.vintagewineestates.com/.