Major Stock Winners: VINE, MCMJ, JOBS
2:17 pm Wednesday, January 12th, 2022
The newly listed Fresh Vine Wine (NYSEAMERICAN:VINE) jumps after announcing partnership with CRAVE American Kitchen & Sushi Bar for its wine pairing with restaurants menu. The deal will see offerings to all twelve CRAVE locations based in Minnesota, Iowa, North and South Dakota, including a location in Mall of America. Also, Fresh Vine Wine anticipates the introduction of two additional new distribution partners in the first half of 2022, adding to the brand’s latest partnerships with e-commerce, restaurant chain and grocery.
Merida Merger Corp. I (NASDAQ:MCMJ) jumps 18% in pre-market trading after convertible note financing as it moves ahead to take cannabis company Leafly public in its SPAC deal. The special purpose acquisition company on Wednesday said that Leafly has secured $30M convertible note purchase agreement with new investors led by Cohanzick Management LLC and affiliates; It comes at 8% p.a. interest. payable semi-annually. In addition, these notes have an initial conversion share price of $12.50 (80 shares of the company common stock per $1,000 principal amount of notes or accrued and unpaid interest, if any, thereon). SPAC Merida notes this new round of investment is to fund Leafly’s current multi-year business plan upon closing of business combination.
51job (NASDAQ:JOBS) soared 10% in premarket trading after the company confirmed that the buyout consortium that’s purchasing the company offered to cut the price by 28%. The consortium proposed cutting the offer price to $57.25/share from $79.05 and reducing the combined ownership of DCP Capital Partners and Ocean Link Partners to 9.99% upon close of the deal, according to a statement. 51job’s board special committee will evaluate the revised proposal.
