Monitor the company's ability to raise additional capital and improve its financial controls, as continued losses and legal liabilities could threaten its viability despite revenue growth from the platform transition.
Executive Summary
Amaze Holdings (AMZE) is transitioning from a wine producer to a creator-focused e-commerce platform after acquiring Amaze Software in March 2025. The company is raising up to $25 million through an equity line of credit with C/M Capital Master Fund, selling shares at a discount to market price. Despite significant revenue growth from its new platform, the company faces substantial losses, has a material weakness in internal controls, and faces multiple legal challenges, raising substantial doubt about its ability to continue as a going concern.
Key Financial Metrics
Key Facts
- Company is pivoting from wine production (now <10% of revenue) to a creator-focused e-commerce platform after acquiring Amaze Software in March 2025
- Raising up to $25 million through an equity line of credit with C/M Capital Master Fund, selling shares at a 5% discount to market price
- Revenue grew 817% to $2.18 million for 9 months ended September 30, 2025, but net loss widened to $12.3 million
- Company has a material weakness in internal controls and faces substantial doubt about its ability to continue as a going concern
- Multiple ongoing lawsuits including a $585,976 judgment in the Timothy Michaels case and a $1.3 million judgment in the G&I IX Aviation case
Financial Impact
Up to $25 million in gross proceeds from equity line, but with significant dilution to existing shareholders
Risk Factors
- Substantial doubt about going concern due to continued losses and negative cash flow
- Material weakness in internal controls over financial reporting
- Significant legal liabilities from multiple ongoing lawsuits
- High dilution risk from equity line financing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (AMZE) — Batch item 1 | 0001493152-26-007891 |
| Document: 0001493152-26-007891-index-headers.html | 0001493152-26-007891 |
| Document: 0001493152-26-007891-index.html | 0001493152-26-007891 |
| Document: 0001493152-26-007891.txt | 0001493152-26-007891 |
| S-1/A Filing (AMZE) — Batch item 5 | 0001493152-26-007891 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | 8-K | $0.1910 $0.1470 | ▼ −23.04% | ▼ −23.04% | $0.0270 (−85.86%) |
Aug 17, 2026 6w ago | Press Release | $0.2114 $0.1341 | ▼ −36.57% | ▼ −34.59% | $0.0270 (−87.23%) |
Jun 9, 2026 16w ago | DEFA14A | $0.1320 $0.1190 | ▼ −9.85% | ▼ −13.47% | $0.0270 (−79.55%) |
Jun 3, 2026 17w ago | Press Release | $1.15 $0.9520 | ▼ −17.36% | ▼ −16.36% | $0.0270 (−97.66%) |
Apr 1, 2026 26w ago | Press Release | $0.1400 $0.1250 | ▼ −10.71% | ▼ −20.44% | $0.0270 (−80.71%) |
Mar 25, 2026 27w ago | Press Release | $0.2200 $0.1550 | ▼ −29.55% | ▼ −37.41% | $0.0270 (−87.73%) |
Feb 27, 2026 31w ago | EFFECT | $0.3410 $0.1990 | ▼ −41.64% | ▼ −34.09% | $0.0270 (−92.08%) |
Feb 24, 2026 31w ago | S-1/A | $0.3750 $0.2200 | ▲ +41.33% | ▲ +36.10% | $0.0270 (+92.80%) |
US Market Status
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