Splash Beverage updates investor settlements
Splash Beverage Group, Inc. entered into amendments to settlement agreements with three prior investors, extending the schedule for remaining settlement payments.
Rhea-AI Filing Summary
Splash Beverage Group, Inc. entered into amendments to settlement agreements with three prior investors, extending the schedule for remaining settlement payments. The company agreed that 50% of the remaining unpaid settlements, or $137,797.54, would be paid on July 15, 2026, which was paid that day.
The remaining 50%, also $137,797.54, is due on July 31, 2026, with interest accruing at 12% per annum plus reasonable attorney’s fees for the investors. These amendments revise February 2026 settlements related to amounts invested by the investors in October 2024.
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8-K Event Classification
Item 1.01 — Entry into a Material Definitive Agreement
1 item
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Key Figures
Settlement payment made: $137,797.54
Settlement payment due: $137,797.54
Interest rate: 12% per annum
+2 more
5 metrics
Settlement payment made
$137,797.54
50% of remaining unpaid settlement payments paid on July 15, 2026
Settlement payment due
$137,797.54
Remaining 50% of unpaid settlement payments due on July 31, 2026
Interest rate
12% per annum
Interest on unpaid July 31, 2026 settlement payment
Prior June installments
$100,000
Installments previously agreed to be paid to investors by June 30, 2026
Prior July installment
$137,797.54
Amount previously agreed to be paid by July 15, 2026
Key Terms
Material Definitive Agreement, settlement agreements, 12% per annum, reasonable attorney’s fees
4 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
settlement agreements regulatory
"entered into amendments to certain settlement agreements, which the Company had previously"
12% per annum financial
"with interest accruing thereon at a rate of 12% per annum and reasonable attorney’s fees"
reasonable attorney’s fees regulatory
"with interest accruing thereon at a rate of 12% per annum and reasonable attorney’s fees"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What agreement did Splash Beverage Group (SBEV) modify on July 15, 2026?
Splash Beverage Group amended prior settlement agreements with three investors, extending due dates for remaining settlement payments. The outstanding amount was restructured into two equal installments due July 15 and July 31, 2026, with interest applied to the later payment.
How much did Splash Beverage Group (SBEV) pay under the amended settlements on July 15, 2026?
On July 15, 2026, Splash Beverage Group paid $137,797.54, representing 50% of the remaining unpaid settlement payments. This payment was made concurrently with signing the amendments that also set terms for the remaining balance due at month-end.
What amount remains due for Splash Beverage Group (SBEV) settlement payments and when is it due?
A remaining $137,797.54 in settlement payments is due on July 31, 2026. This represents the other 50% of the unpaid settlements and will accrue interest at 12% per annum, plus reasonable attorney’s fees for the investors.
What interest rate applies to Splash Beverage Group (SBEV)’s remaining settlement obligation?
The remaining settlement payment due July 31, 2026, will accrue interest at 12% per annum. In addition, the company agreed that investors are entitled to reasonable attorney’s fees related to the amended settlement payment schedule.
What prior payment commitments had Splash Beverage Group (SBEV) made to these investors?
The company had previously agreed to pay installments totaling $100,000 by June 30, 2026 and $137,797.54 by July 15, 2026. The July 15 amendments replace that schedule with the new two-installment structure for the remaining unpaid settlements.
What do the investor settlements of Splash Beverage Group (SBEV) relate to?
The settlements relate to amounts invested by three investors in October 2024 in connection with agreements the investors claimed the company had breached. The February 2026 settlements, now amended, address those investment-related claims.
AI-generated analysis. How Rhea-AI works. Not financial advice.
