Why Is Fresh Vine Wine (VINE) Stock Down 34% Today?

Group 1 - Fresh Vine Wine's merger deal with Notes Live has been mutually terminated due to not meeting conditions for closure by the planned date of July 31, 2024 [1][2] - The termination of the merger has led to a significant decline in Fresh Vine Wine's stock, with a drop of 33.7% on the day of the announcement and a year-to-date decline of 48.8% [3] - Fresh Vine Wine continues to hold its shares in Notes Live and is exploring other strategic options to maximize value for its stockholders, including potential new merger opportunities [2] Group 2 - Trading volume for Fresh Vine Wine's stock is notably low, with only about 66,000 shares traded compared to an average daily volume of approximately 350,000 shares [3]