AMASS Brands, which manages a portfolio of alcoholic and zero-proof beverage brands, completed a direct listing on the Nasdaq.
The shares of common stock will be sold by existing shareholders; AMASS Brands will not raise new capital in its listing. The Registered Stockholders plan to sell up to 14.3 million shares of common stock.
In December 2025, AMASS Brands raised $261,856 in a Regulation Crowdfunding offering at $8.98 per share. At that price, the company would command a market value of approximately $134 million. In its filing, however, the company disclosed an Expected Reference Price of $16.00 per share.
AMASS states that it is a US-focused premium beverage platform that develops and markets products across spirits, wine, and non-alcoholic alternatives. The company distributes through wholesale, on-premise, and direct-to-consumer channels, with a portfolio positioned around consumer trends toward premiumization, moderation, and wellness-oriented drinking occasions. In 2023, it acquired the assets of Winc, itself a 2021 IPO that raised $22 million. AMASS's brand portfolio includes Good Twin Non-Alcoholic Wine, Summer Water Rosé, and Calirosa Tequila (in partnership with Maroon 5's Adam Levine).
The Santa Maria, CA-based company will trade on the Nasdaq under the symbol AMSS. As a direct listing without a firm commitment offering, there were no underwriters on the deal; instead, Maxim served as financial advisor.
