News & Media

Splash Beverage Group Announces Its Initial Closing on the First Tranche of Private Placement

FORT LAUDERDALE, FL – (ACCESSWIRE) – August 22, 2024 – Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, announced that it has begun closing on a private placement for operating capital.

Previously announced in the company’s corporate update on May 15^th, 2024, the Company was entering into a financing agreement with a wealth management firm in up state NY.  That agreement was finalized and the capital raise is in process.  The first tranche has been finalized and the company is in the process of onboarding cash, a Form 8K to follow later today or tomorrow.

The first tranche is just over $4M and approximately half the cash has been received.  The balance is expected in the next couple of days.

Documents for the second tranche of $4M have been distributed and approximately $3m have been executed.  With these commitments in hand, the Company expects to complete the second tranche in short order.

Additionally, the $2.4M financing from last year has been retired and will no longer apply any downward pressure on the stock.  The Company believes this is an extremely important point and will answer questions on the conference call later today.

2024 Second Quarter Results & State of the Business Update

FORT LAUDERDALE, FL / ACCESSWIRE / August 15, 2024 / Splash Beverage Group, Inc. (NYSE American:SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, announced that it will host a conference call to on Thursday, August 22, 2024 at 4:00 pm ET. The C-Suite team Robert Nistico (Chairman / CEO), Julius Ivancsits (CFO), and Bill Meissner (President / CMO) will be present and field questions after the formal presentation.

Fort Lauderdale, FL – [July 24, 2024] – Splash Beverage Group Inc. (NYSE American: SBEV), a leading beverage company known for acquiring and growing early-stage brands to national and international prominence, is thrilled to announce that its Chocolate SALT Tequila brand has received its authorization from the Pennsylvania Liquor Control Board (PLCB). This significant achievement allows Chocolate SALT Tequila to be available in nearly 600 fine wine and spirits stores across Pennsylvania starting in September.

Correction Notice: An earlier version of this press release incorrectly named Johnson Brothers as the distributor assisting Splash Beverage Group with this authorization. The correct distributor is Breakthru Beverage.

FORT LAUDERDALE, FL – (NewMediaWire) – June 13, 2024 – Splash Beverage Group Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, is excited to announce that it has secured comprehensive distribution coverage for its brands throughout the state of Colorado. This significant milestone has been achieved through a new relationship with Legacy Distribution Group.

FORT LAUDERDALE, FL – (NewMediaWire) – June 04, 2024 – Splash Beverage Group Inc. (NYSE American: SBEV) is excited to announce that its premium single-serve wine brand, Copa di Vino, has commenced its initial test in Walmart and Walgreens stores. This strategic move marks the introduction of Copa di Vino’s 4-count multi-packs, featuring two varietals, into Walmart’s central Florida area stores and Walgreens’ southern Nevada stores.

FORT LAUDERDALE, FL – (NewMediaWire) – June 03, 2024 – Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, today announced that its premium wine brand, Copa di Vino, has been awarded an authorization for placement in AM/PM convenience stores across the United States. This significant milestone will see Copa di Vino’s four varietals available in over 1,100 AM/PM locations, with the launch scheduled for late July.