Amaze Holdings (AMZE) Registration filing summary

Company overview and business model

• Completed acquisition of a digital commerce platform, pivoting to a creator-focused e-commerce and wine business.

• Operates two segments: E-commerce/Subscriptions (creator commerce platform) and Wine Products (premium, low-carb wines).

• E-commerce platform integrates with major social platforms, offers asset-light, on-demand production, and supports global creators.

• Wine segment distributes seven varietals, produced in Napa, via wholesale and direct-to-consumer channels.

• Asset-light model leverages third-party suppliers for both segments, reducing capital needs and supply chain risks.

Financial performance and metrics

• Reported net losses of $2.5 million in 2024 and $10.6 million in 2023; accumulated deficit of $31.3 million as of March 31, 2025.

• As of May 31, 2025, had $7.4 million in notes payable and other indebtedness, with $5.1 million secured by assets.

• Auditor issued a going concern warning due to recurring losses and negative cash flows.

• Revenue growth and financial performance have fluctuated, with continued losses expected as the company invests in growth.

Use of proceeds and capital allocation

• May receive up to $35 million in gross proceeds from equity line; actual proceeds depend on share price and volume sold.

• Net proceeds intended for working capital, general corporate purposes, and potential acquisitions or investments.

• No current agreements for material acquisitions or investments.