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Vintage Wine Estates, Inc.

(NASDAQ GM: VWE)

Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Vintage Wine Estates, Inc. ("Vintage Wine" or the "Company") on behalf of stockholders.  A class action complaint has been filed against Vintage Wine.  The complaint alleges that defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company's business, operations, and prospects.  Specifically, defendants failed to disclose to investors that: (i) due to a material weakness related to its inventory controls and procedures, the Company lacked a reasonable basis to report inventory metrics; (ii) the Company understated its overhead burden in certain quarters, thereby overstating its adjusted EBITDA; (iii) as a result of the foregoing, the Company was reasonably likely to incur significant charges to restate prior reporting; and (iv) as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: 07/17/2024


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