Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, has announced a proposed underwritten public offering of its common stock. According to the announcement, the proposed offering consists of 2,000,000 shares of common stock priced at a public offering of $1.55 per share, with gross proceeds of an estimated $3.1 million prior to deducting standard expenses. The proposed offering is pursuant to a “shelf” registration statement SBEV filed with the Securities and Exchange Commission (“SEC”) last year; the SEC declared the statement effective on Oct. 8, 2021. The company also announced that it has granted a 45-day option to the underwriters to purchase up to 300,000 additional shares at the public offering price. SBEV anticipates that the offering will close on or about Sept. 27, 2022. Splash Beverage has gained distribution and retail authorizations recently, and the company plans to use the proceeds from the public offering to support similar growth. EF Hutton, a division of Benchmark Investments LLC, is acting as the sole book-running manager for the offering.
To view the full press releases, visit https://ibn.fm/TAkzU and https://ibn.fm/qibJj
About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and nonalcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drinks. 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. For more information about the company, please visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.
