Welcome to our dedicated page for Splash Beverage Group news (Ticker: SBEV), a resource for investors and traders seeking the latest updates and insights on Splash Beverage Group stock.
Splash Beverage Group, Inc. reports developments for a portfolio of alcoholic and non-alcoholic beverage brands. Its recurring updates cover brand distribution for Pulpoloco sangria, SALT flavored tequilas, Copa di Vino wine by the glass, and hydration or recovery drinks, including retail authorizations and state-level alcohol-market access.
Company news also includes operating and financial results calls, capital-structure updates, private-placement activity, material agreements, shareholder voting matters, and governance changes. These items reflect Splash Beverage Group's model of managing and expanding consumer beverage brands through retail channels, distribution relationships, and public-company financing activity.
On March 14, 2022, Splash Beverage Group (SBEV) announced an expansion of its distribution agreement with AB ONE to include Southern California. This region, which has over 20 million residents, is AB ONE’s largest market. The partnership aims to improve product availability and revenue, featuring TapouT Performance, Copa Di Vino, and Pulpoloco Sangria at more than 45 Walmart locations. CEO Robert Nistico highlighted the significance of this deal for opening a vital revenue stream through an extensive distribution network servicing over 15,000 accounts.
Splash Beverage Group, NYSE American: SBEV, announced that its high-performance energy drink, TapouT, will be available in 485 Winn-Dixie stores across Alabama, Georgia, Florida, Mississippi, and Louisiana. This strategic partnership is expected to enhance retail distribution in the southeast U.S., following previous successful placements in major retail chains such as Walmart. The launch will introduce new sugar-free flavors, Cherry Lemonade and Orange, starting in early Q2. CEO Robert Nistico emphasized the importance of expanding their distribution footprint to drive sales growth.
On March 1, 2022, Splash Beverage Group, Inc. (SBEV) announced an expansion of its distribution agreement with Suncoast Beverage Sales in Southwest Florida. This new agreement will include the distribution of SALT tequila and TapouT performance drinks alongside existing products like Copa di Vino and Pulpoloco. CEO Robert Nistico emphasized the importance of distribution in the beverage industry and the company's strategy to penetrate key consumer markets. SALT tequila is noted for its 100% blanco agave quality, while TapouT drinks offer hydration and recovery benefits.
Splash Beverage Group (SBEV) announced a new distribution agreement for its TapouT energy drink with Central Distribution in Arkansas. This partnership will launch all three flavors of TapouT in 125 Walmart stores across the state, starting in Bentonville. The management expressed enthusiasm for this opportunity, highlighting the drink's 3-in-1 performance formula aimed at consumers engaged in outdoor activities. This initiative marks an important step in enhancing brand visibility and market penetration in Arkansas, a key location for Walmart.
Splash Beverage Group (SBEV) announced the completion of its public offering of 2,300,000 shares of common stock at $4.00 per share, raising approximately $9.2 million in gross proceeds. This offering included the full exercise of the underwriters’ over-allotment option. The shares were issued under an effective shelf registration statement, and the final prospectus was filed on February 16, 2022, with the SEC. The company aims to leverage these funds to further expand its portfolio of beverage brands, which includes Copa di Vino and SALT flavored tequilas.
Splash Beverage Group (NYSE American: SBEV) announced its distribution agreement with Gulf Distributing of Alabama for SALT Naturally Flavored Tequila in Alabama and military bases. Gulf Distributing operates seven distributors across Alabama and Mississippi, representing over 100 suppliers and servicing over 10,000 retail accounts. CEO Robert Nistico expressed excitement about collaborating with Gulf Distributing, highlighting the tequila's addition to their established portfolio, which includes brands like Coors and Red Bull.
Splash Beverage Group (SBEV) has announced a public offering of 2,000,000 shares, aiming to raise approximately $8 million. The underwriters also hold a 45-day option to purchase an additional 300,000 shares to cover over-allotments. The offering, expected to close around February 17, 2022, is part of the company's strategy to strengthen its balance sheet and support operational growth. CEO Robert Nistico emphasized that the funds will enhance liquidity and support inventory needs to meet increasing product demand.
On February 14, 2022, Splash Beverage Group (SBEV) announced the pricing of an underwritten public offering of 2,000,000 shares of common stock at $4.00 per share, aiming for gross proceeds of approximately $8 million. Additionally, underwriters have a 45-day option to purchase up to 300,000 extra shares to cover over-allotments. The offering is expected to close on February 17, 2022, pending customary conditions. This offering follows a shelf registration statement previously filed with the SEC.
Splash Beverage Group (SBEV) has announced an underwritten public offering of its common stock, as per its effective shelf registration statement. The offering is managed by EF Hutton, a division of Benchmark Investments. Details regarding the terms will be disclosed in a prospectus supplement to be filed with the SEC. This offering aims to enhance the company's portfolio, which includes various beverage brands like Copa di Vino and SALT flavored tequilas. Investors should remain cautious as the announcement may lead to shareholder dilution.
Splash Beverage Group (SBEV) announced a new distribution agreement with Heimark Distributing to distribute its TapouT brand in Southern California. Heimark, a distributor since 1937, serves over 1,500 accounts across Riverside and San Bernardino Counties. This marks the sixth distribution agreement for Splash since its collaboration with AB ONE in November, demonstrating the effectiveness of its strategic partnerships. CEO Robert Nistico emphasized the critical importance of distribution for sales growth and highlighted ongoing expansion efforts across the U.S.