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. is a leading player in the consumer beverage industry, managing a diverse portfolio of brands. The company operates in two main segments: manufacturing and distributing non-alcoholic and alcoholic beverages, and retail sales of beverages and groceries online. With a focus on the E-Commerce segment, the company's flagship division Qplash marks its foray into the e-commerce channel. In the beverage-alcohol sector, the company adheres to the Three-Tier Distribution System, relying on independent distributors for local and regional distribution.
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.
Splash Beverage Group (SBEV) announced a new distribution agreement with Tri County Beverage in Michigan to distribute its TapouT hydration drink. This marks the fifth major distribution agreement since November 2021. Tri County Beverage, serving Oakland and Macomb Counties, has annual sales of 3 million cases and is focusing on expanding hydration products, positioning TapouT as a flagship offering. The agreement targets a market of over 2 million residents in the Detroit suburbs, promising potential growth for Splash Beverage.
Splash Beverage Group (SBEV) has announced a new distribution agreement with D. Bertoline & Sons, expanding its beverage distribution into the New York state regions of Putnam and Westchester. This move follows previous agreements in Florida, Arkansas, and Southern California, enhancing Splash's market presence. Chairman and CEO Robert Nistico expresses optimism over the partnership, highlighting confidence from regional distributors and a strong foothold in the northeast.
Splash Beverage Group (NYSE American: SBEV) has partnered with Central Distributors to distribute its energy drink, TapouT, in Arkansas. Central Distributors, a family-owned company since 1935, will also handle Splash’s existing brands, Copa and Pulpoloco. CEO Robert Nistico emphasized this partnership enhances their distribution reach and visibility, particularly with major retailers. Splash Beverage Group continues to expand its portfolio of innovative beverage brands, aiming for significant growth in the beverage market.
Splash Beverage Group (NYSE American: SBEV) announced its authorization to sell Pulpoloco Sangria in 187 Ralph’s Grocery stores, a major achievement for its strategy to penetrate supermarket chains. Following a successful test, all three SKU's of Pulpoloco—white, rosé, and classic red—will be available. This expansion builds on the existing presence of Splash’s Copa di Vino in Ralph’s stores since 2021. The company’s chairman emphasized this milestone as a demonstration of growing consumer interest and a precursor to future growth opportunities.
Splash Beverage Group (SBEV) announced its authorization to sell TapouT performance drink in 47 Walmart stores across major metropolitan areas in Florida. This marks a significant milestone, as Walmart is known for being selective in brand offerings, indicating a strong validation of TapouT's market potential. The CEO of Splash expressed gratitude to Walmart and its distribution partner, AB One, highlighting the opportunity for significant growth in Florida and beyond. This development is seen as a promising start for the company in 2022.
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