SALEM HILLS, Oregon – Tuesday, October 10: Willamette Valley Vineyards (NASDAQ: WVVIP) announced today that its recent stock offering has oversubscribed, surpassing its funding goal ahead of schedule. The winery, known for its exceptional Pinot Noir and commitment to the Oregon Wine Industry, attracted a surge of investor interest.
Investors and Club Members of Willamette Valley Vineyards are invited to join a celebratory Zoom session and Harvest Toast to mark this milestone.
Event Details:
Date: Thursday, October 12
Time: 4:00 PM Pacific Time
Platform: Zoom Link
Originally aiming to raise $3.53 million by the end of the year, the winery exceeded expectations, receiving applications for over $4.1 million before October 1. Willamette Valley Vineyards will be reaching out to applicants responsible for the 17% oversubscription and alert them that the offering has closed.
Willamette Valley Vineyards welcomes the influx of new wine enthusiast investors, with over 97% opting to join the wine club and/or receive a Wine Credit in lieu of an annual cash dividend of 22 cents per share.
“The overwhelming response by wine enthusiasts to our stock offering was a big surprise,” stated winery Founder and CEO Jim Bernau, “654 new families have quickly joined the ranks of owners who purchase their wines and tell the Willamette wine story to their friends and relatives.”
In addition to its renowned Willamette Valley appellation Pinot Noir, the winery also produces small batches of wines from Walla Walla, The Rocks District of Milton-Freewater, Umpqua and Rogue Valley.
With wineries, tasting rooms and restaurants located throughout the region, including Salem, Dundee, Tualatin, McMinnville, Lake Oswego, Happy Valley and the Vancouver Waterfront, Willamette Valley Vineyards has built a robust community of wine enthusiast investors.
The winery’s newest location is scheduled to open in December on Wall Street in historic downtown Bend.
Willamette Valley Vineyards
Founded in 1983 by CEO Jim Bernau with the dream of creating world-class Pinot Noir while serving as stewards of the land, Willamette Valley Vineyards has grown from a bold idea into one of the region’s leading wineries, earning the title “One of America’s Great Pinot Noir Producers” from Wine Enthusiast Magazine. In addition, all the vineyards have been certified sustainable through LIVE (Low Input Viticulture and Enology) and Salmon-Safe programs.
