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. (NYSE American: SBEV) is a Nevada-based company focused on managing and growing brands in the consumer beverage industry, and its news flow reflects both brand activity and corporate developments. Company press releases describe Splash Beverage Group as owning a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and performance hydration and recovery drinks such as TapouT. News items frequently highlight distribution wins, retail authorizations, financing transactions, governance changes, and strategic updates.
Recent news has included announcements about expanded distribution for Pulpoloco Sangria through retailers such as Total Wine & More across multiple U.S. states, as well as authorization for Chocolate SALT Tequila from the Pennsylvania Liquor Control Board, enabling placement in fine wine and spirits stores in Pennsylvania. These updates illustrate how Splash Beverage Group uses news releases to communicate progress in building out its distribution network and increasing retail availability for its brands.
On the corporate side, the company issues news about capital raising efforts, such as private placements of convertible notes and other financing arrangements intended to provide operating capital and support potential acquisitions. Press releases have also covered conference calls to discuss quarterly results and the state of the business, appointments of key executives and directors, and statements addressing going concern language in its annual report. These items give investors and other stakeholders insight into the company’s financial strategy, governance, and management priorities.
Visitors to the SBEV news page on Stock Titan can review this stream of announcements to understand how Splash Beverage Group is pursuing its stated strategy of rapidly developing early-stage brands, acquiring additional beverage brands, and expanding distribution. Regularly checking the news feed can help track developments in brand authorizations, financing, joint ventures, and other material events disclosed by the company.
Splash Beverage Group (SBEV) announced a significant expansion of its SALT Citrus flavored tequila distribution in Sam’s Club stores, increasing presence by 48% in Q1 2021. SALT is now available in 42 stores across California, Arizona, New Mexico, and Florida. This tequila, recognized as the world’s first flavored 100% agave, is positioned in a fast-growing market segment with U.S. tequila consumption surging by 14%. CEO Robert Nistico noted this expansion reflects rising consumer demand for flavored tequila, enhancing brand visibility and sales.
Splash Beverage Group (SBEV) has closed an underwritten public offering of 3,750,000 shares of common stock and warrants at $4.00 per share, generating gross proceeds of approximately $15.0 million. The warrants are exercisable at $4.60 and expire in five years. An additional 562,500 shares and warrants may be purchased by underwriters. Trading began on June 11, 2021, for both common stock and warrants. EF Hutton acted as the sole book-running manager. The offering aims to enhance SBEV's capital for growth in the beverage market.
Splash Beverage Group (SBEV) expands the distribution of its SALT tequila through a partnership with Bernie Little Distributors in Florida, targeting regions with nearly one million residents. SALT, a 100% blanco agave tequila offered in various flavors, benefits from an established network of distributors gained through the company's acquisition of Copa di Vino. The partnership with a top Anheuser Busch distributor enhances SALT's market presence, aligning with the rapid growth of tequila consumption in the U.S., which has seen a 14% increase annually.
Splash Beverage Group, Inc. (SBEV) has announced a public offering of 3.75 million shares of common stock and the same number of warrants, priced at $4.00 each. The total gross proceeds are projected at $15.0 million, with warrants exercisable at $4.60 per share. The offering, scheduled to close around June 15, 2021, includes a 45-day option for underwriters to purchase an additional 562,500 shares. The securities will trade on NYSE American under symbols SBEV and SBEV WS starting June 11, 2021.
Splash Beverage Group (NYSE American: SBEV) announced a public offering of 3.75 million shares of common stock and related warrants at a price of $4.00 per share, aiming for gross proceeds of $15.0 million. The offering includes an additional option for underwriters to purchase 562,500 shares and warrants. Trading for these securities will commence on June 11, 2021, under the symbols 'SBEV' and 'SBEV WS.' The transaction is set to close by June 15, 2021, subject to customary conditions. The offering is registered with the SEC.
Splash Beverage Group, Inc. (SBEV) has signed a distribution agreement with Golden Beverage Company for its brands, including TapouT sports drink, Copa di Vino wine, and Pulpoloco sangria, in Utah. This partnership positions Splash's products alongside established brands like Miller Lite and Dos Equis across Utah’s retail shelves. CEO Robert Nistico emphasized the importance of combining great brands with effective distribution to meet increasing consumer demand.
Splash Beverage Group, Inc. (OTCQB: SBEV) announced its approval to uplist to the NYSE American Exchange, effective June 11, 2021, alongside a one-for-three reverse stock split. The company aims to expand its visibility and attract a broader investor base, enhancing liquidity and growth potential. CEO Robert Nistico expressed gratitude towards employees and shareholders for their support. The common stock ticker 'SBEV' remains unchanged, with warrants beginning trading under 'SBEV WS' on the same date.
Splash Beverage Group (SBEV) announced a distribution agreement with Johnson Brothers to enhance the presence of its premium beverage brands, Copa di Vino and Pulpoloco Sangria, in North Carolina markets. Copa di Vino is recognized as the leading producer of premium wine by the glass in the U.S. This partnership allows SBEV to leverage Johnson Brothers' extensive network, covering key growth areas including Fayetteville and Raleigh. The collaboration aims for accelerated market entry and increased brand exposure, supported by a robust sales team and management structure.
Splash Beverage Group (SBEV) has partnered with Better Brands, a veteran distributor in South Carolina, to enhance distribution of SBEV's SALT Naturally Flavored Tequila in Myrtle Beach, which attracts over 19 million visitors yearly.
Better Brands, equipped with 19 sales reps and ongoing team expansion, aims to increase the market presence of SBEV's portfolio. CEO Robert Nistico indicates that the company is poised for significant growth, considering high-profile acquisitions to expand its brand network.