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AMZE Secures Parler Investment; Issues Convertible Notes and Warrants

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Amaze Holdings, Inc. entered into a securities purchase agreement with Parler Cloud under which Parler will, subject to its due diligence, purchase 1,000,000 shares at $6.00 per share (a $6.0 million investment) and receive a warrant to buy 1,000,000 shares at an exercise price of $7.50, exercisable up to three years. The warrant contains a 19.9% ownership cap unless the company obtains stockholder approval as required by NYSE American rules. Parler's due diligence period extends through October 6, 2025, and the company agreed to file a registration statement to register resale of the Shares and Warrant Shares within 60 days after closing.

The company also issued amended and restated convertible promissory notes that provide conversion at $4.00 per share, extended maturities to August 11, 2026, bear 10% simple interest, and include piggy-back registration rights. Thomas Frame received a 5-year warrant to purchase 75,000 shares at $8.00 with beneficial ownership limits; a press release announcing a strategic partnership with Parler is attached as Exhibit 99.1.

Positive

  • $6.0 million potential equity investment from Parler for 1,000,000 shares at $6.00 per share
  • Agreement includes a warrant for Parler to support future investment with registration commitment for resale
  • Amended notes include conversion features that can preserve cash by allowing debt-to-equity conversion

Negative

  • Outstanding warrants and convertible notes create potential equity dilution (conversion price $4.00, warrants at $7.50 and $8.00)
  • Convertible promissory notes bear 10% simple interest and extend financial obligations through maturity dates, increasing near-term obligations if not converted
  • Parler purchase is contingent on due diligence through October 6, 2025, so the financing is not guaranteed to close

Insights

TL;DR: Parler's potential $6.0M equity investment provides capital but introduces dilution from warrants and convertible notes.

The proposed Parler equity purchase for 1,000,000 shares at $6.00 per share and accompanying 1,000,000-share warrant would deliver near-term financing if the buyer completes due diligence and closes. The company has agreed to register the resale of those securities, which supports liquidity for the investor. Separately, amended convertible notes with a $4.00 conversion price and 10% simple interest extend debt maturities and create potential equity dilution if converted. Combined, these transactions are financing-focused and will affect capitalization depending on exercise and conversions.

TL;DR: Ownership caps and NYSE American approval mechanics are central governance considerations for these financings.

The warrants include a 19.9% ownership cap unless stockholder approval is obtained under NYSE American rules, and the Frame Warrant also includes a 9.99% beneficial ownership limitation (adjustable with notice subject to a 61-day delay). The company granted piggy-back registration rights on the convertible obligations and agreed to file a registration statement for the Parler securities, which affects shareholder dilution management and resale mechanics. These provisions will require clear communication to shareholders if approval is sought to exceed ownership caps.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 7, 2025

 

AMAZE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

 

Nevada   001-41147   87-3905007
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

2901 West Coast Highway, Suite 200

Newport Beach, CA

  92663
(Address of principal executive offices)   (Zip Code)

 

 

(855) 766-9463

Registrant’s telephone number, including area code

 

Fresh Vine Wine, Inc.

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common stock, par value $0.001 per share   AMZE   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

   
   

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Securities Purchase Agreement with Parler

 

On August 7, 2025, Amaze Holdings, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Parler Cloud Technologies, LLC (“Parler”), pursuant to which, subject to the satisfaction of certain conditions set forth therein, Parler will purchase 1,000,000 shares (the “Shares”) of common stock, par value 0.001 per share (the “Common Stock”), of the Company at $6.00 per share and a warrant (the “Warrant”) to purchase 1,000,000 shares of Common Stock (the “Warrant Shares”).

 

The Warrant will have an exercise price of $7.50 per share, subject to adjustment, will be exercisable at any time after issuance, and will expire three years from the date of issuance. The Warrant will not be exercisable if the total number of shares of Common Stock issuable upon exercise of the Warrant would result in Parler beneficially owning in excess of 19.9% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance. This 19.9% cap will not apply if the Company obtains stockholder approval to issue the shares of Common Stock in excess of such cap as required by NYSE American rules.

 

The Purchase Agreement provides that Parler will begin its due diligence of the Company upon execution of the Purchase Agreement and complete its due diligence no later than October 6, 2025. Parler’s obligation to purchase the Shares and Warrant is contingent upon Parler being satisfied in its sole discretion with the results of its due diligence review. If dissatisfied with the results of its due diligence, Parler may deliver a notice to terminate the Purchase Agreement at any time prior to or on October 6, 2025.

Pursuant to the Purchase Agreement, the Company has agreed to prepare and file with the Securities and Exchange Commission a registration statement to register for resale the Shares and the Warrant Shares within 60 days after the closing date and to use its reasonable best efforts to have the registration statement declared effective.

The foregoing description of the Purchase Agreement and the Warrant is qualified in its entirety by reference to the full text of such documents, which are attached Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference.

Amended and Restated Convertible Promissory Notes

On August 11, 2025, the Company issued an amended and restated convertible promissory note (as amended, the “Frame Note”) in favor of Thomas Frame (“Frame”) to, among other things, increase the principal amount by $600,000 to $900,000 and the actual loan amount to $850,000, extend the maturity date to August 11, 2026, provide a conversion right, at the option of the holder, to convert at any time the outstanding principal plus accrued interest into shares of Common Stock at a conversion price of $4.00 per share, subject to adjustment for any stock split or reverse stock split, and grant piggy-back registration rights.

In connection with the Frame Note, the Company also issued to Frame a 5-year warrant (the “Frame Warrant”) to purchase up to 75,000 shares of Common Stock at an exercise price of $8.00 per share, subject to adjustment. The Frame Warrant provides that Frame will not have the right to exercise any portion of the Frame Warrant if Frame, together with his affiliates, would beneficially own in excess of 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise (the “Beneficial Ownership Limitation”). However, Frame may decrease or subsequently increase his Beneficial Ownership Limitation up to, and no higher than, 9.99%, but such increase will not be effective until the 61st day following notice to the Company. In addition, the Frame Warrant may not be exercised if the total number of shares of Common Stock issuable upon exercise of the Frame Warrant would result in Frame beneficially owning in excess of 19.9% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance. This 19.9% cap will not apply if the Company obtains stockholder approval to issue the shares of Common Stock in excess of such cap as required by NYSE American rules.

On August 11, 2025, the Company issued an amended and restated convertible promissory note (as amended, the “Giddings Note”) in favor of Sean Giddings (“Giddings”) to, among other things, extend the maturity date to August 11, 2026, provide a conversion right, at the option of the holder, to convert at any time the outstanding principal plus accrued interest into shares of the Company’s Common Stock at a conversion price of $4.00 per share, subject to adjustment for any stock split or reverse stock split, and grant piggy-back registration rights.

The Frame Note and Giddings Note each bear simple interest at rate of 10% and contain customary events of default.

The foregoing description of the Frame Note, Giddings Note and Frame Warrant is qualified in its entirety by reference to the full text of such documents, which are attached as Exhibit 10.3, Exhibit 10.4 and Exhibit 10.5, respectively, and are incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance

Sheet Arrangement of a Registrant.

 

The information set forth in Item 1.01 is incorporated herein by reference.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

The information set forth in Item 1.01 is incorporated herein by reference. The securities described herein were offered and sold in reliance upon exemptions from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended, and/or Rule 506(b) of Regulation D promulgated thereunder, as transactions by an issuer not involving any public offering.

 

Item 8.01 Other Events

 

On August 11, 2025, the Company issued a press release announcing a strategic partnership with Parler. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit No.   Description
10.1 Securities Purchase Agreement dated as of August 7, 2025 between Amaze Holdings, Inc. and Parler Cloud LLC
10.2   Form of Warrant
10.3   Amended and Restated Convertible Promissory Note dated August 11, 2025 in favor of Thomas Frame
10.4   Amended and Restated Convertible Promissory Note dated August 11, 2025 in favor of Sean Giddings
10.5   Warrant dated August 11, 2025, issued to Thomas Frame
99.1   Press release dated August 11, 2025
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

  

   
   

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 13, 2025    
     
  AMAZE HOLDINGS, INC.
     
  By: /s/ Aaron Day
  Name: Aaron Day
  Title: Chief Executive Officer

 

 

 

FAQ

What did Amaze Holdings (AMZE) agree with Parler?

Parler agreed to purchase 1,000,000 shares at $6.00 per share ($6.0M) and received a warrant to buy 1,000,000 shares at $7.50, exercisable up to three years, subject to due diligence and other conditions.

Is the Parler transaction final and closed?

No. Parler's obligation is contingent on satisfaction of due diligence, which must be completed no later than October 6, 2025, and Parler may terminate prior to that date if unsatisfied.

What conversion and interest terms apply to the amended promissory notes?

The Frame and Giddings amended notes convert at $4.00 per share, bear 10% simple interest, and have maturities extended to August 11, 2026; piggy-back registration rights were granted.

What ownership limits apply to the warrants and conversions?

The Parler warrant includes a 19.9% ownership cap unless shareholder approval is obtained under NYSE American rules; the Frame Warrant has a 9.99% beneficial ownership limitation with certain adjustable mechanics and also a 19.9% cap.

How were the securities offered for the unregistered sales disclosure?

The securities described were offered and sold in reliance on exemptions from registration under Section 4(a)(2) and/or Rule 506(b) of Regulation D.
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