Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, announced that it had closed on an underwritten public offering. The offering, which resulted in $15 million for the company before deductions, was comprised of 3,750,000 shares of common stock along with warrants to purchase another 3,750,000 shares of common stock. The price per share is $4; the warrants are also $4 each. The warrants are exercisable at $4.60 per share and will expire five years from issuance. According to the announcement, SBEV also granted the underwriters an option to purchase up to an additional 562,500 shares of common stock along with the same number of warrants. The common stock and warrants were issued separately. Splash Beverage also announced that its common stock and warrants began trading on the NYSE American, effective June 11, 2021; symbols for the stocks and warrants were SBEV and SBEV.WS respectively.
To view the full press release, visit https://nnw.fm/HUf49
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.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
