Latest news with #SplashBeverageGroup
Associated Press
30-07-2025
- Business
- Associated Press
Splash Beverage Group Announces Continuation of Its Listing on NYSE American Following NYSE Compliance Determination
FORT LAUDERDALE, FL - July 30, 2025 ( NEWMEDIAWIRE ) - Splash Beverage Group, Inc. (NYSE American: SBEV) ('Splash' or the 'Company'), a portfolio company of leading beverage brands, is pleased to announce that it has regained full compliance with the continued listing standards of the NYSE American. As a result, the ".BC' indicator has been removed from the list of noncompliant issuers effective at the open of trading as of July 29, 2025. The NYSE American formally notified the Company in a letter dated July 28, 2025, confirming that Splash has successfully addressed and resolved all deficiencies related to Sections 1003(a)(i), (ii), and (iii) of the NYSE American Company Guide. Robert Nistico, CEO of Splash Beverage Group, commented, 'We are thrilled to share this important news with our shareholders, partners, and team. Preserving our NYSE American listing is a critical achievement that reflects the tremendous effort we've made this year to strengthen our financial foundation and position the Company for growth. We appreciate the NYSE American for their constructive engagement throughout this process, and we look forward to building long-term value for our shareholders as we move ahead.' 'We've fortified our balance sheet, built a world-class team, and are positioned to execute with precision. Our focus is on scaling intelligently, capturing high-value opportunities, and delivering outsized returns for our shareholders.' - Bill Devereux, Chief Financial Officer The Company will remain subject to NYSE American's continued listing monitoring procedures and remains committed to maintaining strong financial discipline and governance going forward. For additional information, please refer to the Company's Form 8-K to be filed with the Securities and Exchange Commission on July 29, 2025. About Splash Beverage Group, Inc. Splash Beverage Group, Inc. owns and operates a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, Chispo tequilas, and Pulpoloco sangria. The Company's strategy includes developing early-stage brands, as well as acquiring and accelerating brands with established market presence or category innovation. Led by an experienced management team, Splash is focused on expanding its portfolio and global distribution network. For more information, visit: Follow Splash Beverage Group on Twitter: Forward-Looking Statements This press release includes forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements reflect management's current expectations and assumptions regarding future events and performance, and they involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including but not limited to risks disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law. SBEV has 1,552,693 shares issued and outstanding with a float of 1,381,427 shares. Contact Information: Splash Beverage Group / 954-745-5815 [email protected] Dennis Burns 567-237-4132 [email protected]
Associated Press
16-07-2025
- Business
- Associated Press
Splash Beverage Group Reports First Quarter 2025 Results; Highlights Major Balance Sheet Transformation and Strategic Milestones
FORT LAUDERDALE, FL - July 16, 2025 ( NEWMEDIAWIRE ) - Splash Beverage Group, Inc. (NYSE American: SBEV) ('Splash' or the 'Company'), a portfolio company of beverage brands, today announced financial results for the first quarter ended March 31, 2025, and provided an update on recent corporate developments. First Quarter 2025 Financial Update As disclosed in the Company's Quarterly Report on Form 10-Q filed with the SEC on July 11, 2025, financial results for the first quarter reflected the Company's transition period as it addressed prior liquidity constraints. These factors affected sales activity and financial performance during the quarter. However, subsequent balance sheet improvements and strategic initiatives have positioned the Company to pursue opportunities with an improved financial foundation. Balance Sheet Strengthening and Strategic Developments Following March 31, 2025, the Company executed several transactions aimed at enhancing its financial position: Leadership Updates During the quarter, Splash appointed William Devereux as Chief Financial Officer. Mr. Devereux brings extensive capital markets and corporate finance experience, supporting the Company's efforts to strengthen its financial structure and pursue growth opportunities. Additionally, Tom Fore joined the Company's Board of Directors as Chair of the Audit Committee, further enhancing governance and oversight. Operational Continuity Despite recent challenges, Splash has maintained its core team and operational infrastructure. Management believes the Company is positioned to resume broader commercial activities as liquidity improves. Management Commentary 'We recognize the challenges our shareholders have experienced as we worked through limited liquidity,' said Bill Meissner, President and Chief Marketing Officer. 'The transactions we've completed in recent months represent important steps to improve our balance sheet, reduce debt, and position Splash for future opportunities.' 'I'm pleased to join Splash at this pivotal stage,' added William Devereux, Chief Financial Officer. 'With an improved capital structure and enhanced governance, we are focused on executing strategies that support long-term shareholder value.' About Splash Beverage Group, Inc. Splash Beverage Group, Inc. owns and operates a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, Chispo tequilas, and Pulpoloco sangria. The Company's strategy includes developing early-stage brands, as well as acquiring and accelerating brands with established market presence or category innovation. Led by an experienced management team, Splash is focused on expanding its portfolio and global distribution network. For more information, visit: Follow Splash Beverage Group on Twitter: Forward-Looking Statements This press release includes forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements reflect management's current expectations and assumptions regarding future events and performance, and they involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including but not limited to risks disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law. SBEV has 1,552,693 shares issued and outstanding with a float of 1,381,427 shares. Contact Information: Splash Beverage Group / 954-745-5815 [email protected] Dennis Burns / 567-237-4132 [email protected] View the original release on
Associated Press
25-04-2025
- Business
- Associated Press
Per Regulatory Requirements, Splash Beverage Group Acknowledges Receipt of Late Filing Letter From NYSE American
FORT LAUDERDALE, FL - April 25, 2025 ( NEWMEDIAWIRE ) - Splash Beverage Group, Inc. (NYSE American: SBEV) ('Splash' or 'the Company'), a portfolio company of leading beverage brands received an official notice of noncompliance from NYSE Regulation stating that the Company is not in compliance with NYSE American (the 'Exchange') listing standards due to the failure to timely file the Company's Form 10-K for the year ended December 31, 2024 by the filing due date of April 15, 2025. The Company intends to regain compliance with the Exchange's listing standards. While there can be no assurance that the Company will ultimately regain compliance with all applicable Exchange listing standards, the Company is confident and maintains it will comply with all listing standards. About Splash Beverage Group Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Chispo tequila and Pulpoloco sangria. Splash's strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire, and then accelerate, brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and has led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. Follow Splash Beverage Group on Twitter: For more information visit: Forward-Looking Statement This press release includes 'forward-looking statements' within the meaning of U.S. federal securities laws. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company's Annual Report on Form 10-K filed with the SEC on March 29, 2024, and in the Company's other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. Contact Information: Splash Beverage Group [email protected] 954-745-5815 View the original release on
Associated Press
22-04-2025
- Business
- Associated Press
Per Regulatory Requirements, Splash Beverage Group Addresses the High Trading Activity and Enters Into the Appeal Process With NYSE American
FORT LAUDERDALE, FL - April 22, 2025 ( NEWMEDIAWIRE ) - Splash Beverage Group, Inc. (NYSE American: SBEV) ('Splash' or 'the Company'), a portfolio company of leading beverage brands, experienced unusually high trading activity as it enters the appeal process with NYSE regarding its listing. Regarding the trading activity, the NYSE American Company Guide states the following: Whenever unusual market action takes place in a listed company's securities, the company is expected to make an inquiry to determine whether rumors or other conditions requiring corrective action exist, and, if so, to take whatever action is appropriate. If, after this review, the unusual market action remains unexplained, it may be appropriate for the company to issue a 'no news' release -- i.e., announce that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action. The Company acknowledges that to the best of its knowledge, it has not experienced any material developments since its last announcement regarding its potential merger/acquisition with Western Son Vodka. Furthermore, the Company believes this unusual trading activity is due in part to algorithmic computer trading and short selling activities. Regarding the appeal process, the Company states the following: The Company will enter the appeal process with the Exchanges Listing Qualifications Panel and was informed that during the appeal process, (subject to any trading halts) it will continue to trade both common stock and warrants on the NYSE American. The Company notified the Listing Qualification Panel within the required 7 days after receipt of the Notice. The Company believes and remains confident it will be able to cure the remaining deficiency in its shareholder equity within the 60-to-90-day appeal process. The Company was out of compliance with Sections 1003(a)(i), (ii) and (iii) of the Listed Company Manual by the end of the 18-month compliance plan period, which expired on April 6, 2025. The Company maintains it will meet the requirements but there is no guarantee of success. About Splash Beverage Group Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Chispo tequila and Pulpoloco sangria. Splash's strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire, and then accelerate, brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and has led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. Follow Splash Beverage Group on Twitter: For more information visit: Forward-Looking Statement This press release includes 'forward-looking statements' within the meaning of U.S. federal securities laws. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company's Annual Report on Form 10-K filed with the SEC on March 29, 2024, and in the Company's other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. Contact Information: Splash Beverage Group [email protected] 954-745-5815 View the original release on
Associated Press
17-03-2025
- Business
- Associated Press
Splash Beverage Group Announces a 1-for-40 Reverse Stock Split
NEWMEDIAWIRE) - Splash Beverage Group, Inc. (NYSE American: SBEV) ('Splash' or the 'Company'), a portfolio company of leading beverage brands, today announced a reverse stock split of its authorized, issued and outstanding shares of common stock, par value $0.001 per share, at a ratio of one (1) share of common stock for every forty (40) shares of common stock, effective as of 5:00 p.m. (Eastern Time) on March 27, 2025 (the 'Effective Date'). The Company believes that its common stock will begin trading on a split-adjusted basis when the market opens on March 28, 2025. The reverse stock split was authorized by the Company's Board of Directors on March 14, 2025. Pursuant to the laws of the State of Nevada, the Company's state of incorporation, the Company's Board of Directors has the authority to effect a reverse stock split without stockholder approval if the number of authorized shares of common stock and the number of outstanding shares of common stock are proportionally reduced. The Company will file a certificate of change to its articles of incorporation, as amended, with the Secretary of State of Nevada to effect the reverse stock split. The Company's common stock will continue to trade on the NYSE American under the stock ticker 'SBEV' but will trade under a new CUSIP number. The reverse stock split is being effected to ensure that the Company can meet the per share price requirements of the NYSE American, the Company's current listing exchange. As a result of the reverse split, each forty (40) pre-split shares of common stock outstanding will automatically combine into one (1) new share of common stock without any action on the part of the holders, and the number of outstanding common shares will be reduced from 61,711,017 shares to approximately 1,542,776 shares without taking into account fractional shares. The reverse stock split will reduce the number of authorized shares of the Company's common stock from 300 million shares to 7.5 million shares and the ownership percentage of each stockholder will remain unchanged other than as a result of the rounding of fractional shares. No fractional shares will be issued as a result of the reverse stock split. Shareholders who otherwise would be entitled to a fractional share because they hold a number of shares not evenly divisible by the 1 (one) for forty (40) reverse split ratio, will automatically be entitled to receive an additional fractional share of the Company's common stock to round up to the next whole share. In addition, the Reverse Stock Split will apply to the Company's common stock issuable upon the exercise of the Company's outstanding warrants and stock options, with proportionate adjustments to be made to the exercise prices thereof and under the Company's equity incentive plans, as applicable. Accordingly, each publicly traded warrant (SBEV-WT) will become exercisable into 1/40th of a share of common stock at an increased exercise price of $184.00. The Company's transfer agent, VStock Transfer LLC, will act as the exchange agent for the reverse stock split. Stockholders holding their shares in book-entry form or in 'street name' through a bank, broker, or other nominee will not need to take any action in connection with the reverse stock split. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. For more detailed information relating to this transaction, please refer to the related Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission. About Splash Beverage Group Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Chispo tequila and Pulpoloco sangria. Splash's strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire, and then accelerate, brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and has led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. Forward-Looking Statement This press release includes 'forward-looking statements' within the meaning of U.S. federal securities laws. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company's Annual Report on Form 10-K filed with the SEC on March 29, 2024, and in the Company's other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.
