AMASS BRANDS (AMSS) Form 8-K — Aug 5, 2026
AMASS Brands entered into a Side Letter Agreement on July 29, 2026 with Full Glass Wine Co. and Full Glass - Licensing that terminates the February 2024 Multi-Year Wine Purchase Agreement, under which Full Glass - Licensing had committed to buy $4,000,000 of finished wine (about 111,333 cases) from AMASS. The $4 million purchase obligation is settled for just $427,000. Of that, $31,750 is due by July 31, 2026 (after which AMASS releases wine inventory), and the $406,000 balance may be applied either toward a future purchase of 135,333.33 gallons of wine at $5.00 per gallon (with $270,666.66 paid in cash) or solely to redeem AMASS's Series A and Common Units in Full Glass Wine Co.
Key figures
- Cure period days
- 7
- Late payment fee usd
- 10000
- Units to be redeemed
- 46294
- Settlement amount usd
- 427000
- Original purchase cases
- 111333
- Total units held in fgwc
- 80845
- Common units held in fgwc
- 71953
- Remaining balance due usd
- 31750
- Series a units held in fgwc
- 8892
- Deposit applied to equity usd
- 406000
- Redemption price per unit usd
- 8.77
- Released wine inventory gallons
- 186500
- Original purchase obligation usd
- 4000000
- Sale of company trueup threshold
- 51% ownership change within 1 year
- Released wine inventory value usd
- 373000
- Wine purchase price per gallon usd
- 5
- Common units remaining after redemption
- 34551
Price after filing
Close on the filing date to close N calendar days later (from $1.23). Historical, not a forecast.
AI analysis
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