ADDED
The aggregate market value of the registrant s common stock held by non-affiliates was $ 36,418,967 as of June 30, 2025 (the last business day of the registrant s most recently completed second fiscal quarter), based on a total of 4,325,293 shares of common stock held by non-affiliates and a closing price of $8.42 as reported on the NYSE American on June 30, 2025.
Form 10-K Summary 43 SIGNATURES 44 i EXPLANATORY NOTE On March 7, 2025, Fresh Vine Wine, Inc.
We have a history of losses from operations and there are no assurances we will report profitable operations in future periods or continue as a going concern.
We will require additional capital to fund our operations and growth, and we may be unable to obtain financing on acceptable terms or at all.
Substantial indebtedness could adversely affect our financial condition, limit our ability to raise additional capital to fund our operations and prevent us from fulfilling our obligations under our indebtedness.
We are heavily reliant on third-party suppliers to provide goods to our clients and disruptions in the supply chain could adversely affect our business.
We depend on third-party platforms, and changes in platform popularity, algorithms, policies or access could adversely affect our business.
Our brand success may rely on the reputation of our clients brands, which could be adversely affected by the actions of our clients.
Unfavorable economic conditions may lead to a decrease in discretionary spending and which could adversely affect the demand for our clients products and content.
Our success and growth depend, in part, on attracting new clients and we may not be successful in doing so.
REMOVED
(Exact name of registrant as specified in its charter) Nevada 87-3905007 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) P.O.
The aggregate market value of the registrant s common stock held by non-affiliates was $ 5,610,312 as of June 30, 2024 (the last business day of the registrant s most recently completed second fiscal quarter), based on a total of 9,182,180 shares of common stock held by non-affiliates and a closing price of $0.611 as reported on the NYSE American on June 30, 2024.
Form 10-K Summary 40 SIGNATURES 41 i EXPLANATORY NOTE On March 7, 2025, Fresh Vine Wine, Inc.
Our marketing strategy involves continued expansion into the direct-to-consumer channel, which may present risks and challenges for which we are not adequately prepared.
Inclement weather, drought, pests, plant diseases and other factors could reduce the amount or quality of the grapes available to produce our wines.
If we are unable to obtain adequate supplies of premium juice from third-party juice suppliers, the quantity or quality of our wine production could be adversely affected; We may be unable to identify and obtain adequate supplies of quality agricultural, raw and processed materials, or the cost of the commodities or products may increase; We have been engaged in litigation with our former Chief Operating Officer; The impact of U.S.
We cannot be certain that the reduced disclosure requirements applicable to emerging growth companies will not make our shares less attractive to investors;.
We may fail to develop and/or maintain adequate internal control over financial reporting.
Provisions of our corporate governance documents could make an acquisition of our Company more difficult and may prevent attempts by our stockholders to replace or remove our current management.
Your percentage ownership in us may be diluted by future issuances of capital stock.