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.
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.