Willamette Valley Vineyards Launches Secondary Offering

Willamette Valley Vineyards launched a new stock offering after overselling an offering that ended on September 30.

The original offering raised $3.53 million to support the winery’s expansion with a new tasting room in Bend, Oregon, and new vineyard plantings. Wine enthusiasts oversubscribed to the original offering, prompting the winery to create a second offering to raise $1.4 million.

“The oversubscription of more than $800,000 in Preferred Stock we received was unexpected and unprecedented,” said founder and CEO Jim Bernau. “This new SEC filing allows these wine enthusiasts to become owners in our vineyards, wineries and new tasting room restaurants like our location opening this December in Bend,” Ire.