Splash Beverage (SBEV) amends 8-K, details $500K note deal
Splash Beverage Group, Inc. filed an amended 8-K to correct the maturity year of senior promissory notes issued in a recent financing.
Rhea-AI Filing Summary
Splash Beverage Group, Inc. filed an amended 8-K to correct the maturity year of senior promissory notes issued in a recent financing. On November 12, 2025, the company borrowed $500,000 from two accredited investors and issued senior promissory notes with a combined original principal amount of $588,235.30, reflecting a 15% original issue discount. The notes mature on February 12, 2026 and begin accruing interest at 6% starting 30 days after issuance. Holders may choose to use the outstanding principal, accrued interest, and any securities they hold as purchase consideration in future equity, equity-linked, or debt offerings by the company.
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8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Splash Beverage Group (SBEV) change in this amended 8-K/A?
The company amended its 8-K to correct the year of the maturity date for senior promissory notes described in Item 3.02, without changing the core economic terms.
How much did Splash Beverage Group (SBEV) borrow in this note financing?
Splash Beverage Group borrowed $500,000 from two accredited investors and issued senior promissory notes with a combined original principal amount of $588,235.30, reflecting a 15% original issue discount.
When do Splash Beverage Group’s senior promissory notes mature?
The senior promissory notes issued by Splash Beverage Group mature on February 12, 2026, as corrected and disclosed in the amended 8-K.
What interest rate do the Splash Beverage Group (SBEV) notes carry?
The notes accrue interest at an annual rate of 6%, beginning on the 30-day anniversary of the issuance date of November 12, 2025.
Can investors convert the SBEV notes into future offerings?
If Splash Beverage Group completes any public or private offering of equity, equity-linked, or debt securities, each note holder may elect to use the outstanding principal, accrued interest, and any company securities they hold as purchase consideration in that transaction.
What happens if there is an event of default on Splash Beverage Group’s notes?
The notes include customary events of default, and if a default occurs, the maturity date of the notes may be accelerated, making amounts due earlier.
AI-generated analysis. How Rhea-AI works. Not financial advice.