Project Crush Acquisition Corp LLC entered into an asset purchase agreement to acquire Assets from Winc, Inc. (OTCPK:WBEV.Q) and Winc Lost Poet, LLC for $10 million on December 7, 2022. As of December 21, 2022, the asset purchase agreement was amended with the purchase price of $11 million from $10 million. The sale side termination fee will be $0.5 million. The transaction was conditioned on the approval of bankruptcy court. The transaction will be terminated if not closed by January 20, 2023. Craig Grear and Matthew Lunn of Young Conaway Stargatt & Taylor, LLP acted as legal advisor to Winc, Inc. Matt Hallinan, Erin Kirchner, Matt Silverman and Eric Walker of Cooley LLP acted as legal advisor to Project Crush Acquisition Corp LLC.

Project Crush Acquisition Corp LLC completed the acquisition of Assets from Winc, Inc. (OTCPK:WBEV.Q) and Winc Lost Poet, LLC on December 7, 2023, which is an estimated completion date.