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NetworkNewsBreaks –Splash Beverage Group Inc. (NYSE American: SBEV) $15M Public Offering, NYSE American Uplisting to Commence

Company: Splash Beverage Group Inc. (SBEV)
Category: News

Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, has released the pricing of its underwritten public offering. The public offering consists of 3.75 million shares of common stock along with warrants to purchase up to 3.75 million shares of common stock. The public offering price for the shares and accompanying warrants will be $4 per share and accompanying warrant, which could result in total gross proceeds of $15 million for SBEV, before underwriting discounts, commissions and other offering expenses are deducted. The company noted that each warrant is exercisable for one share of common stock at $4.60 per share; warrants will expire five years from issuance. In addition, the common stock and warrants will be issued separately. Trading of the common stock is expected to begin June 11, 2021, on the NYSE American under the symbol SBEV; warrants should begin trading the same day under the symbol SBEV WS. The company noted that is has granted a 45-day option to the underwriters, to purchase up to an additional 562,500 shares and the same number of accompanying warrants at the public offering price. The company expects the offering to close on or about June 15, 2021.

To view the full press release, visit https://nnw.fm/Y53PO

About Splash Beverage Group Inc.

Splash Beverage Groupspecializes in manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the nonalcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique because it only develops and accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation. 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://nnw.fm/SBEV

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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