Bespoke Capital Acquisition Corp. Announces Listing on Nasdaq And Name Change To Vintage Wine Estates
03:03 PM EST, 02/05/2021 (MT Newswires) -- Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U) (OTCPK:BKCQ.F) announced Friday that its Class A shares were approved for listing on the Nasdaq Global Market, and will begin trading under the symbol "BSPE" on Monday, Feb 8.
The announcement comes one day after the Toronto-based special purpose acquisition company (SPAC) agreed to a merger with direct-to-consumer wine producer 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 company was originally formed to acquire a cannabis company, but on Dec 18, 2020 announced it would expand its search target into the alcoholic beverage sector. Paul Walsh, executive chairman of Bespoke and a former Diageo CEO, to become non-executive chairman of the combined company, which the company said in a separate release would have an enterprise value of US690-million.
Bespoke's TSX-listed, U.S. dollar-denominated shares were up $0.03 or 0.30% to US$10.15 as of 2:44pm ET in Friday trading.